First Abu Dhabi Bank Egypt posts 317% H1 net profit increase

First Abu Dhabi Bank – Egypt (FABMISR) reported on Thursday a 317 percent year-on-year increase in net profit in the first half of the year.

Net profit recorded 6.6 billion Egyptian pounds ($213.6 million) at the end of June 2023.

Customers’ deposits rose 40 percent to 194.5 billion pounds compared to the figures reported on December 31, 2022.

Total assets surged 40 percent to 289.4 billion pounds.