AUBE Reports 2022 Full Year Results, Recording 73.6% Growth in consolidated Net Profit Up To 2.04bn
Ahli United Bank Egypt recorded a consolidated net profit hike of 73.6% to reach EGP 2.04bn for the financial year 2022, compared to EGP 1.18bn for the financial year 2021. AUBE’s business indicators showed remarkable results, with solid growth of its core earnings and profitability, proving its leadership in the banking sector. As per its ongoing market expansion strategy in Egypt, the bank targets to offer funds to economically viable sectors, uniquely innovative banking services, as well as rigorous risk management.
In line with the bank's expansion policy in supporting economically vital sectors and personal banking products and services, the loans and advances portfolio surged by 36.5% during 2022, reaching EGP 53.9 bn as of 31 Dec. 2022, compared to EGP 39.5bn as of 31 Dec. 2021.