The bank posted a net profit of LE149.5m, an increase of 27.8% than the same period last year. Net interest income came was LE153.9m, an increase of 17.4% over the same period in 2007 and net operating income at LE271.8m increased by 39.6% compared to the same period 2007.
Total assets increased by 15.6% to LE6.7bn and loans to customers grew by 43.7 % to LE3.6bn.
"The third quarter numbers demonstrate the resiliency and effectiveness of our business model in what is becoming an increasingly difficult market. With our tight focus on executing our strategy and our solid and conservative Balance Sheet with a strong capital base, the Bank is well placed to continue to progress in this more challenging environment," stated Mr. James Goold, CEO and Managing Director of Ahli United Bank (Egypt).
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Ahli United Bank - Egypt reports third quarter results for 2008 ending September 30th
- Egypt: Wednesday, November 12 - 2008 at 13:04
- PRESS RELEASE
Ahli United Bank - Egypt announced its financial results for the first 9 months of 2008 ending September 30th.
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For further information please contact:Salah El Din Aloui
Assistant Media Relations Manager
Media Relations
Tel: +2 02 3047215 - 17
Fax: +2 02 3047213
Yasmine M.Tammam
Senior Media Relations Executive
Promoseven Weber Shandwick
Tel: +2 02 3047215 - 17
Fax: +2 02 3047213
Posted by Husam OdiabatWednesday, November 12 - 2008 at 13:04 UAE local time (GMT+4)
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This article was updated on Thu Nov 13 2008.
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