Ahli United Bank’s net profits grow by 99%, record EGP 2.76 bn At 9M- 2023
First Bank
The separate financial statements of AHLI United Bank – Egypt, recently announced on the bank’s official website, reveal a 99% growth in its net profits, reaching EGP 2.765 bn during the first 9 months of 2023, compared to EGP 1.391 bn during the same period in 2022, with an increase of EGP 1.374 bn.
The bank’s pre-tax income jumped by 101%, with an increase of EGP 1.799 bn, reaching EGP 3.580 bn during the first 9 months of 2023, compared to EGP 1.781 bn during the same period in 2022.
Total portfolio of the bank’s assets increased by 26%, with an increase of EGP 22.25 bn during the first 9 months of the current year, reaching EGP 107.7 bn by the end of September 2023, compared to EGP 85.4 bn by the end of December 2022.
The bank’s deposit portfolio amounted to approximately EGP 84.1 bn by the end of September 2023, compared to EGP 69.8 bn by the end of December 2022, showing a growth rate of 20.5% and an increase of EGP 14.3 bn during the first 9 months of the current year.
Total portfolio of customer loans and facilities increased by 19%, with an increase of approximately EGP 10.1 bn during the first 9 months of the current year, reaching EGP 63.6 bn by the end of September 2023, compared to EGP 53.5 bn by the end of December 2022.
