Al Ahli Bank of Kuwait – Egypt sponsors the 14th edition of the Kuwaiti Business Week in Egypt
Al Ahli Bank of Kuwait – Egypt sponsors the 14th edition of the Kuwaiti Business Week in Egypt
Read moreAl Ahli Bank of Kuwait – Egypt Organized a visit to Baheya Foundation to Support Breast Cancer Fighters
Cairo, November,2023: Within the framework of Al Ahli Bank of Kuwait – Egypt’s (ABK-Egypt) active role in Corporate Social Responsibility, the Bank organized a staff visit to Baheya El-Sheikh Zayed Foundation for Breast Cancer treatment, offering moral support to Baheya cancer fighters. Stemming from the Bank’s belief in supporting Egyptian women and as one of Baheya’s long-term success partners, the Bank also made a financial contribution towards the construction of the hospital’s Hematology laboratory, which is crucial for early detection of tumors tests.
Read moreAl Ahli Bank of Kuwait- Egypt records EGP 2.3 billion Net Profit for the nine – month period ended 30 September 2023
Cairo November 2023: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), one of Egypt’s fastest growing banks in the Egyptian market announced achieving strong financial results for the nine-month period ended 30 September 2023. Net Profit reached EGP 2.32 billion in the end of September 2023, an 84% increase compared to EGP 1.26 billion over the same period last year, while Net Interest Income reached EGP 2.86 billion, reflecting a 45.9% increase compared to EGP 1.96 billion in September 2022, demonstrating the Bank’s ability to record steady growth despite challenging market conditions. Net Operating Profit increased by 73% to reach EGP 2.71 billion compared to 1.57 billion, and Profit Before Tax recorded EGP 2.96 billion compared to 1.7 billion in September 2022.
Read moreAl Ahli Bank of Kuwait – Egypt SMEs portfolio reaches 25% of its total loans portfolio
Cairo, October 2023: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) announced increasing the ratio of Small and Medium Enterprises (SMEs) sector credit portfolio to reach 25% of the Bank's total loans portfolio in September 2023.
Read moreAl Ahli Bank of Kuwait - Egypt Receives Fastest Growing Bank - Egypt 2023 Award from International Business Magazine
Cairo, October 2023: Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), has been recognized as the Fastest Growing Bank in Egypt for 2023 by International Business Magazine. This accolade celebrates ABK-Egypt's noteworthy achievements and growth trajectory since the Group’s acquisition of Piraeus Bank Egypt in 2015.
Read moreAl-Ahli Bank of Kuwait - Egypt achieves EGP 1.7 billion Net Profit in the first half of 2023
Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), announced achieving breakthrough results for the first half of 2023 reflecting very solid growth in profits and business volume over the course of the year.
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