Egypt reshuffles labour directorates to to boost efficiency – minister    Egypt presses Israel to accept Gaza truce proposal in call with US envoy    Egypt launches hospital safety assessor training with WHO support    Revival of Continental Hotel part of Khedivial Cairo development, maximising heritage assets: El-Shimy    CBE reports surge in financial inclusion, reaching 76.3% by June 2025    International force deployment in Gaza possible if requested by Palestinians: Egypt's FM    Petroleum Minister discusses development of Iqat gold mine to place it on global map    Al-Sisi orders acceleration of health insurance rollout, supports private investment    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egypt's FM vows full support for UNRWA amid Gaza crisis, Israeli pressure    China's Fujian province to host investment seminar for 6 BRI nations    Egyptian pound ends week lower against US dollar – CBE    Geopark in Fayoum tops agenda in Egypt-UNESCO environmental talks    Egypt expresses condolences to Sudan after deadly Darfur landslides    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt uses dual aid routes to Gaza as trucks, airdrops continue: Madbouly    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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.