Arab African International Bank posts profits rise of 4 % in 9 months

Arab African International Bank (AAIB), an international bank based in Egypt, has posted an increase in profits by 4 percent during the first 9 months of 2019.

The bank has achieved profits after taxes of $668.9 million compared to $643.2 during the same period a year earlier.

The bank’s profit before taxes has registered  $ 912 million with a growth rate of 6 percent, reinforcing its financial position as the total 019

while the banks has provided credit facilities of $ 26.1 billion at the end of September 2019 compared to $ 1 billion in the same period  a year earlier with a growth rate of 3 percent,

However, the customer deposits has grew 4 percent to record $ 34.7 33.2 billion against $ 1 billion.