KFH accounts for 51.2% of total syndicated financing in Islamic banks operating in Egypt
A recent monitoring conducted by the «First Bank» website revealed that Kuwait Finance House Bank – Egypt topped the list of the largest Islamic banks operating in the Egyptian banking market in terms of the volume of joint financing.
According to the bank’s independent financial statements, «Kuwait Finance House – Egypt» accounts for about 51.2% of the total syndicated financing debtors of Islamic banks operating in the Egyptian banking sector, as the bank’s portfolio size reached 10.7 billion pounds by the end of March 2025.
The volume of joint financing at Al Baraka Bank amounted to 8.68 billion pounds, while «Abu Dhabi Islamic» recorded 1.54 billion pounds at the end of March 2025.As for «Faisal Islamic», it was absent from monitoring because it did not disclose the volume of joint loans in its financial statements.
It is worth noting that Kuwait Finance House Bank – Egypt announced its business results for the first quarter of this year, which revealed that it achieved net profits worth 938 million pounds during the first 3 months of 2025, compared to 2.8 billion pounds during the same period in 2024.
The bank's profits before income taxes amounted to 1.43 billion pounds during the first quarter of 2025, compared to 3 billion pounds during the same period in 2024.
Net income from revenue rose to 1.87 billion pounds during the first quarter of 2025, compared to 1.74 billion pounds during the same period in 2024, with a growth rate of 7.7%, and a total increase of 133 million pounds.
Net income from fees and commissions amounted to 215.68 million pounds during the first three months of this year, compared to 251.99 million pounds during the same period in 2024.
In terms of the bank’s financial position, its portfolio of assets increased to 155.10 billion pounds by the end of March 2025, compared to 143.79 billion pounds by the end of 2024, with a growth rate of 7.9%, and a total increase of 11.31 billion pounds.
Its portfolio of customer deposits increased by about 10.43% during the first quarter of this year, reaching 129.3 billion pounds by the end of March 2025, compared to 117.09 billion pounds by the end of 2024.
Total financing debtors increased to 89.7 billion pounds by the end of March 2025, compared to 84.99 billion pounds by the end of 2024, with a growth rate of 5.5%.
It is worth noting that the Kuwait Finance House Group announced last January that, as part of its full acquisition of the Ahli United Bank Group–Bahrain in 2022, the brand of Ahli United Bank–Egypt was changed to Kuwait Finance House Bank– KFH Egypt.
The bank completed the transformation into a Sharia-compliant financial institution in December 2023, and has actually begun providing all of its banking services and products in accordance with the provisions of Sharia as of September 2024.
«Kuwait Finance House – KFH Egypt» is one of the group’s units that currently extends to 12 countries around the world, and it is the second largest Islamic bank in the world and the largest Kuwaiti bank in terms of net profits and market value.
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