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Al Ahli Bank of Kuwait-Egypt inaugurates its latest branch in Arkan Mall - Al-Sheikh Zayed

Cairo, Egypt; March 2021 – As part of its ambitious growth strategy to expand its business in Egypt and realign its geographical presence to best cater for its growing customer base, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) announced the official opening of its latest Branch located in Arkan Mall 2, Al-Sheikh Zayed city, Giza governorate.

The ribbon cutting ceremony held to celebrate the occasion was attended by Mr. Ali Marafi, ABK-Egypt’s Chairman, Mr. Khaled El Salawy, CEO and Managing Director, and Mr. Khaled Barakat, Head of Consumer Banking, alongside representatives from ABK - Egypt Senior Management and VIP customers.

The new branch is equipped with the necessary infrastructure to provide outstanding services and innovative banking solutions that serve a variety of customer segments in line with the Central Bank of Egypt’s directions and the Bank’s continuous efforts towards financial inclusion.

ABK-Egypt remains committed to playing an active role in supporting the Egyptian economy through a clear strategy that focuses on achieving significant growth across all key performance indicators. Developing human capital inside the bank, improving competitive advantages across all products and services, and offering innovative banking solutions via digital transformation will stay on top of the Bank priorities over the coming period to ensure supporting individual and corporate customers in light of the social and economic challenges created by the current pandemic.

ABK-Egypt has recently announced very solid results for the Financial Year End 2020. Amongst several highlights, Net Profit increased by 27% year-on-year, Net Interest Income grew by 30%, and Net Operating Profit grew by 34% year-on-year despite the challenging business environment and disruption caused by the COVID-19 pandemic.