Cairo, 21 May 2025:
Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), reported strong financial results for the first quarter of 2025 with Net Profit standing at EGP 1.3 billion, reflecting an increase of 42.3% compared to same period last year after excluding foreign exchange revaluation impact. Net Interest Income grew 26.2% to reach EGP 1.8 billion compared to EGP 1.4 billion in the first Quarter of 2024.
Despite the challenging economic landscape, the Bank managed to further expand its total footings with Total Assets recording a 10.2% increase to reach EGP 156 billion compared to EGP 141.6 billion in December 2024. Customer Deposits grew by 12% to reach EGP 134.1 billion compared to EGP 119.9 billion, and the Bank’s Total Gross Loans Portfolio grew by 15.8% to reach EGP 80.2 billion compared to EGP 69.3 billion in December 2024. Non-Performing Loans (NPL) ratio recorded 2.04% at the end of March 2025 compared to 1.74% at the end of December 2024.
Commenting on the results, Mr. Ali Marafi, Chairman of ABK-Egypt stated: “Over the course of our operational journey that is close to ten years in the Egyptian market, the Bank succeeded in achieving robust growth rates across all financial indicators and managed to demonstrate its strong presence, whilst carefully adhering to all risk management practices to best navigate challenging market conditions and ensure achieving its sustainable success and expansion goals”.
Mr. Ali Marafi also confirmed that ABK-Egypt has always been keen on prioritizing Corporate Social Responsibility as an integral part of its well-articulated strategy. Since it started operating in Egypt, the Bank has proactively played a leading role in supporting the communities in which it operates through various social initiatives that support the development of the education and healthcare sectors in addition to providing financial relief to the underprivileged.
The Bank has also made various contributions to help integrate individuals with disabilities and improve the lives of children, women, and families in need.
In the same context, Mr. Khaled El Salawy, Chief Executive Officer & Managing Director of ABK-Egypt, affirmed that these results reflect ABK-Egypt’s underlying strength and its emphasis on achieving steady, profitable growth.
It also underscores the resilience of the Bank’s financial position, the agility of its operational frameworks, and the strength of its risk management practices. Adding that the Bank will continue to focus on its digital transformation agenda as one of the chief drivers of sustainable growth. He also expressed his gratitude for the combined efforts of the entire team and their commitment to delivering very strong results through diversifying revenue streams, which led to achieving EGP 1.7 billion Profit Before Tax excluding foreign exchange revaluation impact.
Mr. Khaled El Salawy further elaborated: “As we continue working on our plans towards fortifying ABK-Egypt’s position in the Egyptian market and playing an active role in supporting the Egyptian economy, our vision will remain focused on providing experiences that simplify and enrich people’s lives through our range of innovative and secure banking solutions that serve all customer segments. Moreover, we maintain a positive outlook regarding market conditions and will continue to support all endeavors led by the Egyptian Government and the Central Bank of Egypt that pave the way for a brighter future”.
Mr. Khaled El Salawy additionally stated that, in line with the Bank’s ambitious growth strategy and plans to expand its geographical presence to best cater for its growing customer base in Egypt, ABK-Egypt recently opened its new branch located in Palm Hills, 6th of October. This recent opening brings the Bank’s network to 46 branches covering 18 governorates across the country.
Furthermore, the Bank will continue to prioritize the enhancement of its suite of offerings and upgrading its service quality to ensure a distinguished banking experience across all channels and to maximize value for its customers.
It is worth mentioning that ABK-Egypt recently obtained the Payment Card Industry Data Security Standard (PCI DSS) certification V4.0.1, a globally recognized benchmark that guarantees the highest standards in payment cards data protection.
The Bank was certified after successfully passing a full audit process and a comprehensive review on Bank’s systems and technical procedures related to electronic payment cards data processing.
Read More:
..Al Ahli Bank of Kuwait – Egypt achieves EGP 6,6 billion Net Profit 2024
Al Ahli Bank of Kuwait – Egypt Opens a New Branch in Palm Hills, 6th of October City
