The bank posted Net Profit increase of EP146.8m compared to EP0.2m in 2006, net interest income of EP179.8m, a 38% increase over the same period in 2006 and net operating income of EP282.3m, an increase of 34% compared to the same period in 2006.
Total assets grew from EP4 bn in 2006 to EP5.8bn by December 31, 2007.
Loans to customers increased from EP1.4bn to EP2.5bn, an increase of 134% compared to December 2006.
"Ahli United Bank (Egypt) is very pleased with these end of year results, which are a record the bank. these record results are the product of the dedication and commitment of our employees and the loyalty of our customers," said Mr James Goold, CEO and Managing Director of Ahli United Bank (Egypt).
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Ahli United Bank announces end of year results
- Egypt: Thursday, March 13 - 2008 at 16:23
- PRESS RELEASE
Ahli United Bank (Egypt) has announced its end of year financial results for 2007.
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About Ahli United Bank (Egypt)Ahli United Bank (Egypt) is a full-fledged commercial and investment banking institution. The bank provides a comprehensive array of financial products and services ranging from retail and corporate banking to treasury, wealth management, and offshore banking services.
The group traces its history to the incorporation of the United Bank of Kuwait in London in 1966, and the establishment of Ahli Commercial Bank B.S.C. in 1977 in Bahrain. The current Ahli United Bank Group was established in 2000 when the two banks merged to become subsidiaries of a single entity.
Today, Ahli United Bank is an internationally recognized financial institution, with interests across the Gulf States, Egypt, and the United Kingdom. The Bank has received numerous awards and accolades, and was named "Best Foreign Exchange Bank in the Middle East 2008"by Global Finance magazine, "Best Bank in the Middle East 2007" by Euromoney and Global Finance Magazine and also "Global Bank of the Year in the Middle East" by the Banker Magazine for 2006.
For further information please contact:
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or
Yasmine M.Tammam
Media Relation Executive
Promoseven Weber Shandwick
Tel : 3048560
Fax : 3047213
Mobile: 0101040529
Posted by Eman HassanThursday, March 13 - 2008 at 16:23 UAE local time (GMT+4)
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This article was updated on Sun Mar 16 2008.
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