FABMISR posts EGP 7.9bn net profit in H1 2026

First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, announced its financial results for the first half of 2026, reporting net profit of EGP 7.9 billion.

The results showed the bank’s resilient financial position and continued focus on its core business, supported by a diversified offering and efforts to enhance customer-focused banking services. FABMISR said its performance reflected its commitment to delivering banking solutions that support customer needs and contribute to sustainable growth.

According to the financial statements, net loans and advances to customers reached EGP 158.5 billion at end-June 2026, including financing for Egyptian private-sector activities, up 26 per cent compared with the same period last year.

Total assets reached EGP 420 billion at end-June 2026, while customer deposits stood at EGP 298.5 billion and total shareholders’ equity reached EGP 69.6 billion.

FABMISR recorded net interest income of EGP 14.2 billion in the first half of 2026, maintaining solid performance compared with the same period in 2025.

Net fees and commission income increased 25 per cent year-on-year to EGP 1.7 billion, reflecting the bank’s efforts to diversify its revenue streams and expand customer-focused banking services.

The bank’s retail portfolio continued to record positive momentum. Retail customer deposits reached EGP 89.8 billion, up 20 per cent, while retail loans reached EGP 29.4 billion, an increase of 12 per cent compared with December 2025.

The bank also maintained a strong capital position, with its capital adequacy ratio (CAR) reaching 30.32 per cent as of June 2026. FABMISR also paid EGP 5.1 billion in taxes during the first six months of 2026, reflecting its tax obligations and contribution to the national economy.

Commenting on the results, Ahmed Issa, chief executive officer and managing director of FABMISR, said: “The first half of 2026 demonstrates FABMISR’s continued focus on strengthening the foundations of our business and creating sustainable value for our customers. Our diversified banking proposition, combined with our focus on operational efficiency and deeper customer engagement, continues to support the bank’s performance across key business segments.”

He added: “As we move forward, we will remain focused on expanding our capabilities, enhancing diversification, reducing concentration risks, accelerating digital adoption, and delivering solutions that respond to the evolving needs of our customers. At the same time, we will continue to play an active role in supporting Egypt’s economic development by financing strategic sectors and contributing to greater financial inclusion.”