Ahli United Bank's Net Profits grow by 65%, recording EGP 3.31 bn during 2023
First Bank
The separate financial statements of Ahli United 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 65% during the last year, reaching EGP 3.311 bn during 2023, compared to EGP 2.007 bn during 2022, achieving an increase of EGP 1.304 bn.
The bank's pre-tax profit also witnessed a growth of 80%, amounting to an increase of EGP 1.959 bn during the last year, recording EGP 4.417 bn during 2023, compared to EGP 2.4582.655 during 2022.
The bank's total asset portfolio jumped from EGP 85.5 bn at the end of 2022 to EGP 113.2 bn at the end of 2023, with a growth rate of 32.42% over the past year, an increase of EGP 27.71 bn.
The bank’s total deposits grew by a rate of 29%, an increase of EGP 20.26 bn by 2023 End, reaching EGP 90.06 bn by the end of December 2023, compared to EGP 69.80 bn by the end of 2022.
Total customer loans increased by 25.5%, amounting to EGP 67.15 bn by end of 2023 compared to EGP 53.50 bn by the end of December 2022. an increase of EGP 13.66 bn.
