aiBank’s net profits grow by 55.74% during H1-2023, recording EGP 450.2 mn
First Bank
The latest business results of aiBank released today on the bank's website, revealed an increase in the bank’s net profit, with a growth rate of 55.74%, to record EGP 450.186 mn during the first Half of 2023, compared to EGP 289.061 mn during the same period of 2022, an increase of EGP 161.125 mn.
aiBank's pre-taxes profits jumped to reach EGP 626.014mn during the first Half of 2023 compared EGP 431.211 mn during the same period of 2022, achieving a growth rate of 45.18%.
Total loans and facilities to customers increased by a growth rate of 12.14% during the first Half 2023, to reach EGP 23.388 bn at the end of June 2023, compared to EGP 20.857 bn at the end of December 2022, With an increase of EGP 2.531 Bn.
Moreover, The bank’s total deposit portfolio increased by a growth rate of 1.28% during the first Half of this year, after the bank was able to increase its deposits by EGP 619 mn, to record EGP 48.821 bn at the end of June 2023, compared to EGP 48.202 bn at the end of December 2022.
