Al-Ahli Bank of Kuwait - Egypt achieves Solid Net Profit of EGP 887 Million
In the first half of 2022, Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), announced today achieving breakthrough results for the six-month period ended 30th of June 2022 reflecting solid growth in business volume and very strong performance over the course of the year. The Bank achieved EGP 887 Million Net Profit compared to EGP 396 Million in the first half of 2021 and Net Interest Income grew by 27% to reach EGP 1.3 Billion compared to EGP 1 Billion over the same period in 2021. According to the Bank’s announced results, Total Assets grew by 8% to reach EGP 61.4 Billion compared to EGP 56.8 Billion in December 2021, Total Customer Deposits witnessed an increase of 12% to reach EGP 53.7 Billion compared to EGP 47.9 Billion, and the Bank’s Total Gross Loans Portfolio increased by 13% to reach EGP 30.85 Billion compared to EGP 27.4 Billion at the end of 2021. The Non-Performing Loan (NPL) ratio reached 2.28%, with a coverage ratio exceeding 170%.
Read moreAl Ahli Bank of Kuwait - Egypt Records Solid Net Profit of EGP 551 Million in Q1 2022
Cairo - Egypt, 15 May, 2022Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), one of Egypt’s fastest growing banks, announced very positive results for the first quarter of 2022, with a Net Profit of EGP 551 Million, which reflects the immense growth in the volume of business carried out by the Bank since entering the Egyptian market.
Read moreABK-Egypt Celebrates International Women’s Day & Arab Financial inclusion Day
Cairo, Egypt 28th April, 2022: As part of the Bank’s strategy to foster financial inclusion and boost financial literacy amongst unbanked segments, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) organized a series of financial and digital literacy seminars in celebration of International Women’s Day and Arab Financial inclusion Day during the months of March & April 2022 in addition to offering customers a selection of benefits.
Read moreAl Ahli Bank of Kuwait - Egypt sponsors Ibrahim A. Badran Foundation Medical Convoys for children in Al-Sharqia Governorate
Cairo, February 2022: In continuation of the fruitful collaboration between Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), one of Egypt’s fastest growing banksand Ibrahim A. Badran Foundation (IBF) since the beginning of 2021, and in line with ABK-Egypt’s vision to support the health of Egyptian children through spreading hope in underprivileged villages, ABK-Egypt sponsored Four medical convoys in 2022 covering four villages in Al - Sharqia Governorate.
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