Ahli United Bank grows by 43.58% On First bank’s Composite Growth Index At 2022

Ahli United Bankrecorded a composite growth rate of 43.58% in all its activities that included net profits, deposit portfolio, loan portfolio, and asset portfolio During 2022, according to its latest separated financial results.

This rate was measured through a composite growth index developed by First Bank to measure the financial performance of banks with a single figure by the end of 2022.

Ahli United bank was able to achieve positive results in all four sub-indicators (net profits, deposit portfolio, loan portfolio, and asset portfolio), led by net profit that recorded a growth rate of 72.1% to record EGP 2.007 bn by end of 2022, compared to EGP 1.153 bn at the end of December 2021 with an increase of EGP 854.3 mn.

Furthermore, the bank's Total loans came in second place by 36.81% to record EGP 53.5 bn at the end of December 2022, compared to EGP 39.1 bn at the end of December 2021 with an increase of EGP 14.4 bn.

In addition, asset portfolio jumped by 33.04%, to reach EGP 85.5 at the end of December 2022 compared to EGP 64.3 bn at the end of 2021, with an increase of EGP 21.2bn.

The bank’s deposits portfolio jumped to EGP69.8bn by end of 2022, compared to EGP 53.5 bn by the end of 2021, achieving a growth rate of 30.38%, and an increase of EGP 16.3 bn.