Ahli United Bank’s net profits grow by 73%, recording EGP 3.78 bn during H1-2024
First Bank
The separate financial statements of AHLI United Bank – Egypt, recently announced on the bank’s official website, reveal a 72.86% growth in its net profits, reaching EGP 3.777 bn during H1-2024, compared to EGP 2.185 bn during the same period in H1-2023, with an increase of EGP 1.582 bn.
The bank’s pre-tax income jumped by 61.80%, with an increase of EGP 1.681 bn, reaching EGP 4.401 bn during H1-2024, compared to EGP 2.720bn during the same period in 2023.
Total portfolio of the bank’s assets increased by 21.65%, with an increase of EGP 24.5 bn during H1-2024, reaching EGP 137.7 bn by the end of June 2023, compared to EGP 113.2 bn by the end of December 2023.
Total portfolio of customer Financing and facilities increased by 19.90%, with an increase of approximately EGP 13.4 bn during H1-2024, reaching EGP 80.5 bn by the end of June 2024, compared to EGP 67.2 bn by the end of December 2023.
