Japan ready to give coronavirus-hit nations anti-flu drug Avigan for free    Norway may slash oil output if top producers also cut: Minister    More than 600 dead in New York state in a day from coronavirus    5G coronavirus conspiracy theory is dangerous fake nonsense, UK says    Egypt's Sisi puts off inauguration of New Administrative Capital, Grand Egyptian Museum to 2021 due to coronavirus concerns    Ahly's coach Weiler refuses to leave Egypt despite coronavirus    Ex-Man Utd striker Berbatov says Liverpool fully deserve title    France overtakes China as number of coronavirus cases jump to more than 83,000    Arab League chief renews call to stop fighting in Libya    Egypt: gold prices today – April 4    Sawiris Foundation donates 100 million pounds to Egypt's coronavirus battle    Egypt-Sudan joint electricity grid starts operations – ministry    Britain unlikely to lift coronavirus lockdown until end of May: Government expert    Gulf Air says transit open again via Bahrain for international travellers    Egypt shuts main cancer centre after 15 medics test positive for coronavirus    Egypt's Sisi discusses Africa's anti-coronavirus efforts in virtual summit    Age limit could be raised for Olympic football tournament    Trump fires intelligence official involved in his impeachment probe    Amazon to postpone Prime Day sales event due to coronavirus    Egypt's Zamalek to extend Carteron's contract after end of coronavirus    Comedy puppet Abla Fahita returns to screens during Egypt's curfew    J.K. Rowling starts Harry Potter At Home for housebound families    Broadcaster predicts Spain's La Liga restart in July with no fans    Apple to stop taking cut of some Amazon video purchases on App Store    Filling GERD will begin this rainy season: Ethiopian PM    Messi praises Egyptian footballer Mohamed Salah's style    Egypt's Supreme Council of Culture launches three new competitions    Freed from detention    Stay at Home: Culture in Your Hands    Captain Khan    Huawei to explore the ultimate potential on its Huawei P40 series    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    CBE temporarily regulates cash deposits, withdrawals    Lagging COVID-19 response to shield frail economy: Rouhani    Farwell to Egyptian comedian George Sidhom    Weekend's virtual concerts, plays, and festivals people can stream at home    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Stay At Home: Ministry of Culture to publish free books online for public browsing    What to watch to kill time in quarantine?    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Abu Dhabi Islamic Bank Egypt 2019 net profit jumps 44%
Published in Amwal Al Ghad on 24 - 02 - 2020

Abu Dhabi Islamic Bank Egypt (ADIB Egypt), part of the UAE's largest sharia-compliant lender, posted a 44 percent rise in annual net profit, its chief executive announced on Monday.
The bank made a net profit of 1.228 billion Egyptian pounds ($78.7 million) in 2019, up from 850.2 million pounds a year earlier, Mohamed Aly told reporters at a press conference in Cairo.
ADIB Egypt's total assets also surged 22 percent to 60 billion pounds in 2019 from 49 billion pounds in 2018, Aly said.
Customers' deposits rose 28 percent to 51.2 billion pounds in 2019 from 39.9 billion pounds a year earlier, the banking official added. Net loans and facilities to customers inched 27 percent higher to 30.9 billion pounds in 2019, compared with 24.3 billion pounds in 2018.
ADIB Egypt's chief executive also said the bank also saw a 37 percent year-on-year rise in its standalone profits to 1.1 billion pounds in 2019 from 803.9 million pounds in 2018. Income from Murabaha, Musharaka, Mudaraba, and revenue also grew to 5.09 billion pounds from 4.13 billion a year earlier.

Clic here to read the story from its source.