aiBank’s net profits jumps to EGP 401.3 mn during 9M-22

Arab Investment Bank- aiBank revealed that its net profits have jumped to stand at EGP 401.3 million during the first 9 months of 2022, compared to EGP 7.2 million during the same period in 2021 with an increase of EGP394 million, according recent financial statement published on its official website

In addition, its pre-taxes profits jumped by 94.53% to record EGP645.8 million during the first 9 months of 2022, compared to EGP 332 million a year earlier with an increase of EGP 313.8 million.

aiBANK has seen a sturdy performance during the first 9 months of 2022; its asset portfolio increased by 15.68%, to record EGP 52.6 billion at the end of September 2022, compared to EGP 45.5 billion at the end of December 2021wit an increase of EGP 7.13 billion.

Thus, the bank’s deposits portfolio increased by 16.04% during the first 9 months of last year, to move from EGP 38.7bn at the end of December 2021, to reach EGP 44.9bn at the end of September 2022 with an increase of EGP 6.21bn.

Furthermore, its total loans jumped by 83.19% during the first 9 months of 2022, to reach EGP20.7 billion at the end of September 2022, compared to EGP 11.3 billion at the end of December 2021 with an increase of EGP 9.4 billion.