KUWAIT CITY, Aug 16: Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) achieved outstanding financial results for the first ‎half of the year 2025 with net profit recording EGP 2.6 billion by the end of June 2025, ‎reflecting an increase of ‎‏35‏‎% compared to EGP 1.9 billion for the same period last year, after ‎excluding foreign exchange revaluation impact. Net interest income grew by 28% to reach EGP ‎‎3.8 billion compared to EGP 3 billion in the first half of 2024.‎

Meanwhile, total assets grew by 15% to reach EGP 163.4 billion compared to EGP 141.6 billion ‎at the end of 2024. Total customer deposits increased by 16%, reaching EGP 139.1 billion ‎compared to EGP 119.9 billion in December 2024, and total gross loans portfolio increased by ‎‎20% to reach EGP ‎‏8‏‎3.4 billion compared to EGP 69.3 billion at the end of 2024. Moreover, the ‎non-performing loans (NPL) ratio recorded 1.59% at the end of June 2025 compared to 1.74% at ‎the end of 2024.‎

Commenting on these results, Mr. Ali Marafi, Chairman of ABK-Egypt, said, “The Bank’s strong ‎performance, particularly the significant growth in total assets, demonstrates the strength of ‎our financial position and our solid operational model across key business lines. These results ‎underscore our ability to continue on our successful journey despite global and regional ‎economic turbulence.” He also expressed his gratitude for the efforts of the Executive ‎Management and their unwavering commitment to realizing the Bank’s ambitious growth ‎strategy, which emphasizes agility and innovation to ensure adapting to the evolving economic ‎landscape.‎

Marafi stated that during the first half of 2025, ABK-Egypt continued to expand its footprint ‎with the opening of a new branch in 6th of October City. This move aligns with the Bank’s ‎ambitious strategy for carefully planned geographic expansion and establishing a presence in ‎prime locations to grow its customer base. He emphasized the Bank’s unwavering commitment ‎to excellence and innovation as key drivers in strengthening its competitive position and ‎increasing its market share in Egypt.‎

Strategic Vision

Marafi added, “Our ambitious vision focuses on boosting our geographical presence across ‎Egyptian governorates as well as diversifying our range of products and services that meet the ‎rising needs of various customers to best attract new segments and expand our customer base.” ‎He further stated that this expansion‏ ‏agenda is a fundamental pillar for supporting national ‎directions and the Central Bank of Egypt’s (CBE) efforts in promoting financial inclusion, which ‎is considered a cornerstone in Egypt Vision 2030 and a catalyst for achieving sustainable ‎development goals and fostering a competitive and diversified economy.‎

Marafi stated that ABK-Egypt is continuing its digital transformation journey by introducing ‎advanced technologies within its branches and enhancing its banking solutions to serve ‎customers with the highest technical standards. These efforts, he noted, contribute significantly ‎to boosting customer satisfaction and strengthening their trust in the Bank.‎

He concluded by affirming that ABK-Egypt is fully committed to supporting and financing ‎development projects, as well as assisting national initiatives aimed at achieving sustainable ‎growth across various sectors. This commitment reflects the Bank’s role as a responsible ‎financial institution in the Egyptian market. Marafi also expressed his appreciation for the ‎strong support the Bank receives from CBE and all regulatory authorities in Egypt, which play a ‎key role in enhancing its performance and expanding its presence among diverse customer ‎segments.‎

Added Value

In the same context, Mr. Khaled El Salawy, CEO and Managing Director of ABK-Egypt stated: ‎‎“The Bank managed to achieve EGP 3.4 billion profit before tax, representing a growth rate of ‎‎32% compared to EGP 2.6 billion for the same period last year, after excluding foreign ‎exchange revaluation impact. This affirms the Bank’s efficiency in adapting to changing market ‎conditions, seizing business opportunities for growth as well as its ongoing commitment to ‎delivering added value to both customers and shareholders.”‎

Khaled El Salawy added, “Over a period of ten years marking our presence in the Egyptian ‎market, we have managed to build a strong track record of achievements in terms of revenues ‎and market position.” He primarily attributed this success to the collective efforts of the entire ‎team and the support of the Executive Management, who were keen on orchestrating efforts to ‎maximize performance efficiency and deliver innovative products and outstanding services to a ‎diverse customer base. ‎

He continued, “We will continue on our digital transformation path to enhance operational ‎efficiency and ultimately improve customer experience. This can be attained through ‎leveraging data and advanced technologies to personalize banking services, while upholding the ‎highest standards of transparency and security in all financial transactions.”‎

A New Chapter

El Salawy affirmed that ABK-Egypt is embarking on a new chapter in its journey in the Egyptian ‎market aimed at achieving more ambitious milestones for growth and development. The Bank ‎looks to the future with a clear strategy and strong vision, supported by a solid track record of ‎success. ABK-Egypt also confirms its innate understanding of the crucial impact of corporate ‎social responsibility in the development of local communities, through launching an array of ‎social initiatives across Egyptian governorates that promote economic empowerment for ‎various segments. The Bank also takes pride in supporting the development of key sectors as ‎part of its active role in driving Egypt’s economic and social progress.‎

El Salawy noted that in the first half of this year, the Bank continued forging strategic ‎partnerships to deliver exclusive offers to its customers. He highlighted the launch of several ‎promotional campaigns and special discounts designed to reward customers for using the ‎Bank’s diverse range of cards and solutions in completing their financial and banking ‎transactions.‎

He further emphasized the Bank’s strong commitment to supporting young entrepreneurs and ‎owners of small and medium-sized enterprises by providing the essential funding and resources ‎needed to bring their projects to life successfully. El Salawy also underscored the Bank’s ‎dedication to developing the skills of its employees across all departments, considered a ‎cornerstone of its success and growth plans, through comprehensive training programs. These ‎initiatives aim to enhance staff performance, increase productivity and innovation, improve the ‎quality of customer service, and attract more clients to the Bank’s continuously expanding ‎family.‎

New Awards

On another successful note, the Bank has recently received two prestigious awards from ‎International Business Magazine. ABK-Egypt was named ‘Best Corporate Banking Services Bank ‎‎– Egypt,’ in recognition of its outstanding efforts in delivering innovative and integrated ‎financial solutions to its corporate customers. In addition, El Salawy was honored as ‘Best CEO – ‎Egypt 2025,’ in recognition of his distinguished professional career and exceptional leadership ‎capabilities that were reflected through a solid track record. This recognition reinforces the ‎pivotal role he has played since assuming the position of CEO and Managing Director of ABK-‎Egypt.‎

These accolades join a growing list of awards the Bank has earned in recent years from leading ‎performance evaluation institutions, underscoring its excellence and distinction across a wide ‎range of assessments at the local, regional, and global levels.‎