Ahli United Bank Egypt, a subsidiary of Bahrain’s Ahli United Bank, posted a net income of LE 107.3 million for the first half of the fiscal year, a slight increase over last year’s LE 106.9 million, the bank said in a press statement.
Net operating income was LE 145.9 million, an increase of 11.2 percent over the same period in 2008, and total assets were LE 7.3 billion.
Gross loans to customers grew by 28.5 percent to LE 4.2 billion over the same period in 2008.
James Goold, CEO and managing director of AUB Egypt, said, “In the present uncertain conditions, marked by the unprecedented global credit crisis and a challenging business environment, AUB Egypt has managed to maintain a secure financial position.
The bank has opened six new branches during the first half of this year, said Goold, bringing the total to 26. -Daily News Egypt
