Nine private banks in Egypt gain EGP 14.941bn net profits in 1H2019
CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli comes second by EGP 4.217bn
Latest in Tag: Abu Dhabi Islamic Bank-Egypt Highlight
Latest in Tag: Abu Dhabi Islamic Bank-Egypt
ADIB profits record EGP 157m end-March
Q1 saw big shift in bank’s financial performance, says CEO
Pharos Research upgrades ADIB Egypt FV to EGP 24
Pharos Research has upgraded its fair value (FV) of Abu Dhabi Islamic Bank-Egypt (ADIB) to EGP 24, with an “overweight” recommendation, according to a recent report. The FV upgrade came on the back of several positive developments, including “a forecasted strengthening momentum in lending activity with a compound annual growth rate (CAGR) of 16% over …
ADIB opens free bank account to contribute to financial inclusion in Egypt
36 of ADIB-Egypt’s 70 branches are located outside Cairo and Alexandria
The 3-week challenge: the IMF’s tricky homework for Egypt
When the people of Egypt heard that the government was willing to take a loan from the International Monetary Fund (IMF), they didn’t think that the government had decided to walk down a hard, tiring path. They didn’t know that Egypt would apply austerity measures that would affect their lives, by cutting its subsidies for …
Portfolio funds in ADIB-Egypt rise to EGP 10.7bn
Bank’s reports reports growth of 20% in first nine months of 2015, compared to same period of 2014
ADIB-Egypt to continue activities despite losses exceeding 50%
The result of ADIB’s operation revealed that it achieved a net profit, before taxes, during the first half of 2015, amounting to EGP 336.2M, an increase of 43% from the first half of 2014.