Ahli United Bank is a leading financial institution in the Middle East.
August 2006 marked a remarkable milestone, as group of investors led by the Ahli United Bank Group successfully acquired an 89.3% stake in Egypt’s Delta International Bank. Today, Delta International Bank is officially renamed Ahli United Bank (Egypt).
Ahli United Bank (Egypt) operates 43 branches across the country and 40 ATMs.
hli United Bank (Egypt) plans to execute an expansion strategy to serve the needs of customers throughout the country. Having already injected more than L.E. 2 Billion into the market , Ahli United Bank will continue to invest significant amounts in Ahli United Bank (Egypt) to upgrade its technology, branches, products and most importantly, the skills and knowledge of its employees.
Mohamed Fouad Al-Ghanim is the non-executive board while its CEO is Hala Hatem Sadek. The bank has total assets exceeding EGP 58 billion, loan portfolio amounting to EGP32.6 billion, and deposits of EGP 46.9 billion pounds, according to the financial statat the end of June 2021.
In 2000Ahli United Bank was established in Bahrain following a merger between The United Bank of Kuwait and Al-Ahli Commercial Bank pursuant to which UBK and ACB each became wholly owned subsidiaries of AUB. The Bank operates under a retail banking license issued by the Central Bank of Bahrain.
In addition to wholly owned operations of AUB (Bahrain), AUB (United Kingdom) and AUB (DIFC, UAE), AUB has an 85.5% stake in AUB (Egypt), a 74.9% stake in AUB (Kuwait), a 75.0% stake in Commercial Bank of Iraq, a 40% stake in United Bank of Commerce & Investment (Libya) and a 35% stake in Ahli Bank (Oman). AUB also has a 100% stake in Al Hilal Life which provides life and health insurance products.
AUB and its network of subsidiaries and associated companies form a banking group (“AUB Group”) providing (i) retail banking; (ii) corporate banking, (iii) treasury and investment services; (iv) private banking and wealth management services; and (v) Islamic banking products & services besides offering conventional and Takaful life insurance products.
The Bank is continuously assessing and seeking to expand in the GCC and to acquire complementary banking platforms in identified secondary markets in the Middle East and North Africa region in order to act as a preferred regional and international intermediary for its clients.
AUB Group’s diverse geographical footprint provides a channel to tapping cross border business and investment flows within the MENA region. The AUB Group’s presence in the United Kingdom services the need of its Gulf clients in UK.
