The bank posted a net profit increase of EP63.8m, an increase of 100.7% on the same period last year.
Net interest income came in at EP47.4m, an 11.4% increase over the same period in 2007 and net operating income at EP97.3m increased by 60.9% compared to the same period 2007.
Total assets were valued at EP5679.5m, whereas loans to customers were posted at EP2811.2 m.
"Ahli United Bank (Egypt) is very satisfied with these Q1 results which show positive and sustained growth for the Bank since its launch into the Egyptian market. We will continue to dedicate all our efforts towards continously improving the banking experince for our customers, and look forward to the rest of the year's success which will see Ahli United Bank offering a wide range of new products and services," said Mr James Goold, CEO and Managing Director of Ahli United Bank (Egypt).
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Ahli United Bank announces first quarter results
- Egypt: Monday, May 26 - 2008 at 15:47
- PRESS RELEASE
Ahli United Bank (Egypt) has announced its Q1 financial results for 2008.
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Notes and media contacts
For further information please contact:Salah El Din Aloui
Assistant Media Relations Manager
Media Relations
Tel: +2 02 3047215 - 17
Fax: +2 02 3047213
Mob: +2 012 39 79 586
Yasmine M.Tammam
Media Relation Executive
Promoseven Weber Shandwick
Tel : 3048560
Fax : 3047213
Mobile: 0101040529
Posted by Eman HassanMonday, May 26 - 2008 at 15:47 UAE local time (GMT+4)
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