ADIB Egypt's net profits jumps by 126.6%, records EGP1.01 bn At Q1-2023
The Consolidated Financial Statements of Abu Dhabi Islamic Bank-Egypt, which ended on March 31, 2023, revealed an increase in the bank’s net profit, with a growth rate of 126.60%, to record EGP1.007 bn during the first quarter of 2023, compared to EGP444.3mn during the same period of 2022 , an increase of EGP562.5 mn
Total loans and facilities to customers increased by a growth rate of 6.9% during the first quarter 2023, with an increase of EGP4.1 bn, to reach EGP 63.5 bn at the end of March 2023, compared to EGP 59.4 bn at the end of December 2022.
The bank’s total deposit portfolio increased by a growth rate of 4.09% during the first quarter of this year, after the bank was able to increase its deposits by EGP4 bn, to record EGP101.6 bn at the end of March 2023, compared to EGP 97.6 bn at the end of December 2022.
Total assets of the bank increased by 7.60% during the first quarter of this year, to record EGP 125.7 bn at the end of March 2023, compared to EGP116.8 bn at the end of December 2022, an increase of EGP8.9 bn.
