ICEC

ADIB-Egypt H1 net profit grows 23.8%

Abu Dhabi Islamic Bank (ADIB) says first-half net profit in Egypt rose 23.8 percent from a year ago to record 211.9 million Egyptian pounds ($12 million).

The Emirati bank in Egypt posted a net profit of 171.2 million pounds at the end of June 2016.

Loans and credit facilities slightly rose by 2.6 percent to 15.989 billion pounds at the end of June 2017, from 15.577 billion pounds at the end of December 2016.

Customers deposits grew 1.7 percent to around 26.012 billion pounds in June, compared to 25.575 billion pounds in December.

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