ABK-Egypt Staff Volunteer in IBF Medical Convoys for Children in Al-Beheira Governorate
With an innate understanding of the crucial impact of corporate citizenship in the development of local communities and in line with Al Ahli Bank of Kuwait-Egypt’s (ABK-Egypt) Corporate Social Responsibility efforts to support of the health sector in Egypt, the Bank organized a staff visit to Al-Behaira Governorate to take part in a medical convoy for children in cooperation with Ibrahim A. Badran Foundation (IBF). ABK-Egypt staff members volunteered to assist doctors conduct a wide range of medical check-ups, provide healthcare services, and deliver general health awareness sessions to little patients and their families.
Read moreAl Ahli Bank of Kuwait - Egypt issues its First Sustainability Report & Carbon Footprint Report
Cairo, September 2024: In alignment with the national directions and the efforts of the Central Bank of Egypt towards transitioning to green economy, and in accordance with Egypt's Vision 2030 to achieve sustainable development, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) has issued its first sustainability report for the year 2023 in line with the Global Reporting Initiative (GRI). The report reflects the Bank's performance based on sustainability standards and covers the Bank's key achievements and initiatives during the year 2023 as well as its milestones on economic, social, environmental, and governance levels. Additionally, the Bank issued its Carbon Footprint Report that measures carbon emissions from all its branches and premises across the country for the year 2023, along with a comprehensive decarbonization plan to reduce carbon emissions resulting from the Bank's various activities and operations.
Read moreAl Ahli Bank of Kuwait - Egypt Signs a Protocol with “Alhassan Foundation” to Fund Small Projects for Women with Physical Disability
Cairo, September 2024: Al Ahli Bank of Kuwait - Egypt signed a cooperation protocol with Alhassan Foundation to fund 10 breadwinner women with physical disabilities to start small projects in five Governorates across Egypt (Aswan, Assiut, Fayoum, Beni Suef, and Menoufia). This initiative is part of “Masdar Rizk” project that aims at contributing to sustainable development through integrating individuals with disabilities and improving the lives of the underprivilege families and those in need.
Read moreAl Ahli Bank of Kuwait-Egypt launches awareness sessions on Financial Inclusion in three Governorates
Cairo, August 2024: Within the framework of Al Ahli Bank of Kuwait- Egypt’s (ABK- Egypt) financial inclusion strategy and ongoing efforts to promote financial literacy among all segments of Society, and in alignment with the Central Bank of Egypt’s (CBE) direction, the Bank launched an awareness campaign for financial inclusion and digital transformation in celebration of “International Youth Day”.
Read moreZewail City of Science & Technology recognizes Al Ahli Bank of Kuwait - Egypt during their Annual Graduation Ceremony 2024
Cairo, August 2024: In line with Al Ahli Bank of Kuwait - Egypt’s active role in empowering youth and supporting the education sector in Egypt, Zewail City of Science and Technology recently recognized Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) for the support extended to undergraduate students joining from public schools during the annual graduation ceremony for class 2024 held in the university campus, in the presence of Dr. Mohamed Ayman Ashour, Minister of Higher Education & Scientific Research, Eng. Adel El Nagar Governor of Giza, Dr. Mahmoud Abd-Rabbou, Acting Executive President of Zewail City, Mrs. Ghada Tawfik, Advisor to the Governor of the Central Bank of Egypt (CBE) for Corporate Social Responsibility (CSR), Bank representatives, alongside senior members of sponsoring organizations and university faculty members.
Read moreAl-Ahli Bank of Kuwait - Egypt achieves EGP 4.3 billion Net Profit in the first half of 2024
Cairo, August 2024: In continuation of its robust performance in the Egyptian market, Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) reported outstanding financial results for the first half of the year 2024 showing a significant rise in Net Profit by 154%, reaching 4.3 billion Egyptian pounds compared to 1.7 billion Egyptian pounds for the same period last year. Additionally, all key financial indicators marked a significant increase with Net Interest Income growing by 68%, reaching EGP 3 billion by the end of June 2024 compared to EGP 1.8 billion and Net Fees & Commissions income growing by 82.6% to reach EGP 855 million compared to EGP 469 million over the same period last year.
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