With a growth rate of 137% Al Ahli Bank of Kuwait - Egypt achieves EGP 6.6 billion Net Profit for the fiscal year ended 31 December 2024
Cairo February 2024: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) delivered record financial results for the fiscal year ended 31 December 2024, underscoring its robust business growth and expanding customer base. The Bank achieved a remarkable 137% increase in Net Profit in 2024, reaching EGP 6.6 billion, compared to EGP 2.8 billion in 2023. Net Interest Income reached EGP 6.5 billion compared to EGP 4.1 billion in 2023, reflecting an increase of 59%, while Net Income from Fees & Commissions surged by 23.7% to reach EGP 1.5 billion compared to EGP 1.2 billion at the end of 2023. Profit Before Tax recorded EGP 8 billion, a growth rate of 111.7% compared to EGP 3.8 billion in 2023, reflecting the Bank’s strong financial performance and strategic execution.
Read moreAl Ahli Bank of Kuwait - Egypt receives “Fastest Growing Retail Bank Egypt" Award from International Business Magazine by the End of 2024
Cairo, February 2025: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) has been recently recognized as the "Fastest Growing Retail Bank in Egypt" by International Business Magazine in addition to ABK-Pay sticker being the "Best Advanced Digital Payment Solution". This recognition which took place at the annual ceremony held in Dubai - UAE, highlights the Bank's outstanding achievements throughout the year in the retail banking sector and underscores its continuous efforts to enhance its offerings to meet the growing needs of customers.
Read moreAl Ahli Bank of Kuwait - Egypt recognizes outstanding employees in Bancassurance sector and celebrates exceptional results for the fifth consecutive year in Collaboration with MetLife Life Insurance Company
Cairo, January 2025: In reaffirming its unwavering commitment to excellence and its strategy to foster a culture of professionalism, Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) recognized a distinguished group of top-performing employees for their remarkable achievements in the bancassurance sector during 2024. An accomplishment realized through its successful partnership with MetLife Life Insurance company, which significantly contributed to the Bank’s robust financial performance and reinforced its position as a leading player in the Egyptian market.
Read moreABK-Egypt and IBF celebrate 3 years of Successful Partnership and Spreading Hope to Children
The project successfully dispatched 24 medical convoys, providing more than 26,000 examinations to children for 3 years in a row
Read moreAl Ahli Bank of Kuwait – Egypt sponsors the 15th edition of the Kuwaiti Business week in Egypt to Foster Bilateral Cooperation
In continuation of the ongoing efforts to strengthen Egyptian-Kuwaiti relations, Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) recently sponsored the 15th edition of Kuwaiti Business Week in Egypt. The event was held under the auspices of His Excellency Dr. Mostafa Madbouly, Egyptian Prime Minister and the Kuwaiti Embassy in Cairo, and was organized by Jabriya Exhibition Group, with the attendance of several ministers and diplomats from both countries.
Read moreAl Ahli Bank of Kuwait- Egypt records EGP 5.4 billion Net Profit for the nine – month period ended 30 September 2024
Al Ahli Bank of Kuwait - Egypt reported exceptional growth across all key financial indicators for the nine-month period ended 30 September 2024, recording a notable increase in Net Profit by 131%, reaching EGP 5.4 billion compared to EGP 2.3 billion in the same period last year. Net Interest Income grew by 63% reaching EGP 4.7 billion compared to EGP 2.9 billion in the nine months ending September 2023, and Net Fees & Commissions Income increased by 44% to reach EGP 1.2 billion compared to EGP 838 million during the same period last year.
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