Ahli United Bank sees a leap in net profits by 73.8% in 9M-22

Ahli United Bank achieved a jump in its net profits by 73.88% during the first 9 months of 2022, to record EGP1.391 billion pounds, compared to EGP 800 million in a year-ago period, according to its separate financial statement .

Total loans to customers jumped by 29.21%, to record EGP 50.526 billion during 9M-22 compared to EGP39.103 billion at the end of 2021 with an increase of 11.4 billion pounds.

Total customer deposits recorded a growth rate of 24.48% during 9M-22. The total deposits portfolio reached EGP 66.643 billion at the end of September 2022, compared to EGP 53.537 billion at the end of December 2021.

However, The bank’s asset portfolio increased by 24.55% during the first 9 months of this year, to jump from EGP 64.261 billion at the end of December 2022, to reach EGP 80.039 billion at the end of September 2022.