Ahli United Bank’s net profit jumps by 277.61%, records EGP 1.575 bn At Q1-2023

The Separate Financial Statements of Ahli United Bank – Egypt, which ended on March 31, 2023, revealed an increase in the bank’s net profit, with a growth rate of 277.61%, to record EGP 1.575 bn during the first quarter of 2023, compared to EGP 417 mn during the same period of 2022.

Ahli United Bank’s pre-taxes profits jumped to reach EGP 1.827 bn during the first quarter of 2023 compared EGP 479.2 mn during the same quarter of 2022, achieving a growth rate of 281.19%, and an increase of EGP 1.348 bn

Total loans and facilities to customers increased by a growth rate of 8.81% during the first quarter 2023, with an increase of EGP 4.7bn, to reach EGP 58.2 bn at the end of March 2023, compared to EGP 53.5 bn at the end of December 2022.

Moreover, The bank’s total deposit portfolio increased by a growth rate of 14.17% during the first quarter of this year, after the bank was able to increase its deposits by EGP 9.9 bn, to record EGP 79.7 bn at the end of March 2023, compared to EGP 69.8 bn at the end of December 2022.

The bank’s Total assets rose by 15.28% during the first quarter of this year, to record EGP 98.6 bn at the end of March 2023, compared to EGP 85.5 bn at the end of December 2022, an increase of EGP 13.1 bn