Ahli United Bank's Net Profits Grow by 143.3% and Reach EGP 2.185 Bn in H1-2023
First Bank
The financial statements of Ahli United Bank - Egypt, ending on June 30 of the current year and released on the bank's official website recently, revealed a net profit increase of 143.26%, reaching EGP 2.185 bn during the first half of 2023, compared to EGP 898.2 mn during the same period in 2022, achieving an increase of EGP 1.287 bn.
Pre-tax profits increased by a growth rate of 142.40%, with an increase of EGP 1.598 bn, reaching EGP 2.720 bn during the first half of 2023, compared to EGP 1.122 bn during the first half of 2022.
The bank achieved a strong performance during the first half of the current year, as its assets grew by a growth rate of 25.53%, with an increase of EGP 21.8 bn, reaching EGP 107.3 bn by the end of June 2023, compared to EGP 85.5 bn by the end of December 2022.
The bank's deposit portfolio increased by 20.83%, with an increase of EGP 14.5 bn during the first half of the current year, reaching EGP 84.3 bn by the end of June 2023, compared to EGP 69.8 bn by the end of December 2022.
The bank also increased credit offerings to its clients by EGP 7.8 bn during the first half of the current year, with total customer loans increasing by a growth rate of 14.53%, reaching EGP 61.3 bn by the end of June 2023, compared to EGP 53.5 bn by the end of December 2022.
