ADIB Egypt's Net Profits jump by 113.4%, recording EGP 4.67 bn during 2023
First Bank
The Consolidated financial statements of Abu Dhabi Islamic Bank-Egypt, ending on December 31 of the last year and released on the bank's official website recently, revealed an increase in its net profits by 113.42% during the last year, reaching EGP 4.674 bn during 2023, compared to EGP 2.190 bn during 2022, achieving an increase of EGP 2.484 bn.
The bank's pre-tax profit also witnessed a growth of 97.67%, amounting to an increase of EGP 3.229 bn during the last year, recording EGP 6.535 bn During 2023 compared to EGP 3.306 bn.
The bank's total asset portfolio jumped from EGP 116.827 bn at the end of 2022 to EGP 162.255 bn at the end of 2023, with growth rate of 38.88% over the past year, an increase of EGP 45.428 bn.
The bank’s total deposits grew by a rate of 30.14%, an increase of EGP 29.418 bn by 2023 End, reaching EGP 127.032 bn by the end of December 2023, compared to EGP 97.614 bn by the end of 2022.
Total Financing increased by 13.51%, amounting to EGP 67.401 bn by end of 2023 compared to EGP 59.381 bn by the end of December 2022. an increase of EGP 8.020 bn.
