QNB AL AHLI’s net profits grow by 55.76%, reaching EGP 15.769bn during 2023
First Bank
According to the bank's Separate financial statements ending on December 31th 2023. The bank's net profits increased by 55.76%, to record EGP 15.769 bn during 2023, compared to EGP 10.124 bn during 2022, an increase of EGP5.645 bn.
The bank's net interest income jumps by 55.19%, reaching EGP 30.382 bn by during 2023, compared to EGP 19.382bn At 2022.
The bank's net fees and commissions income also rose by 60.2%, reaching EGP 4.014 bn by during 2023, compared to EGP 2.506 At 2022.
Concerning the bank’s financial position, The bank’s total assets grew by a rate of 30.15%, with an increase of EGP 123.052 bn by 2023End, reaching EGP 620.53 bn by the end of December 2023, compared to EGP 476.792 bn by the end of 2022.
The bank’s deposit portfolio increased by 30.23%, amounting to EGP 530.118 bn by end of 2023 compared to EGP 407.066 bn by the end of December 2022.
Loans and facilities to customers portfolio also saw a growth of 16.38%, totaling EGP 268.576 bn by the end of December 2023 compared to EGP 230.767 by the end of December 2022.
