QNB Al Ahli’s net profits grow by 71.38% At 9M-2023
First Bank
According to QNB Al Ahli's financial statements, Net profits increased to EGP 11.919 bn during this period, compared to EGP6.954 bn in the same period of 2022.
The bank's net income rose to EGP21.630 bn during the first 9 months of 2023, showing a growth rate of 56.74%, with an increase of EGP 7.830 bn compared to the same period in 2022.
Additionally, the bank's total assets increased from EGP476.792 bn at the end of 2022 to EGP584.040 bn at the end of September 2023, indicating a growth rate of 22.49%.
Furthermore, the bank's customer loans increased to EGP243.576 bn by the end of the third quarter of 2023, compared to EGP216.590 bn at the end of 2022, with a growth rate of 12.46%.
Moreover, QNB Al Ahli's customer deposits portfolio jumped by approximately 22.42%, reaching EGP498.340 bn at the end of September 2023, compared to EGP407.066 bn at the end of 2022, showing an increase of EGP 91.274 bn.
