Cairo – Mubasher: Ahli United Bank-Egypt (AUB) posted consolidated net profits after tax valued at EGP 2.77 billion in the first nine months (9M) of 2023, an annual hike from EGP 1.41 billion.
Net interest income enlarged to EGP 3.57 billion in the January-September 2023 period from EGP 2.13 billion in 9M-22, according to the interim financial results.
Total assets jumped to EGP 107.91 billion as of 30 September 2023 from EGP 85.71 billion at the end of December 2022, while the customers' deposits widened to EGP 84.05 billion from EGP 69.77 billion.
Standalone Business
Non-consolidated net profits after tax reached EGP 2.76 billion in 9M-23, compared to EGP 1.39 billion in the year-ago period.
The bank reported net interest income standing at EGP 3.55 billion as of 30 September 2023, up year-on-year (YoY) from EGP 2.10 billion.
Earnings per share (EPS) increased to EGP 3.95 in 9M-23 from EGP 1.98 in 9M-22.
Financials for Q3-23
During the third quarter (Q3) of 2023, the consolidated net profits of the AUB reached EGP 581.78 million, marking a YoY rise from EGP 501.18 million.
The net interest income amounted to EGP 1.31 billion in Q3-23, higher than EGP 847.08 million a year earlier.
Standalone net profits after tax surged to EGP 580.06 million in July-September from EGP 492.97 million in Q3-22, whereas the net interest income climbed to EGP 1.30 billion from EGP 836.84 million.
