August 2006 marked a remarkable milestone, as group of investors led by the Ahli United Bank Group successfully acquired an 89.3% stake in Egypt’s Delta International Bank. Today, Delta International Bank is officially renamed Ahli United Bank (Egypt).

Ahli United Bank is one of Middle East’s premier financial institutions.

Ahli United Bank (Egypt) announced its financial results for the first half ending June 30th, 2009. The bank posted net income of EGP 107.3 million compared to EGP 106.9 million for the same period in 2008. Net operating income was EGP 145.9 million, an increase of 11.2% over the same period in 2008, and total assets were EGP 7.3 billion. Gross loans to customers grew by 28.5% to EGP 4.2 billion over the same period in 2008.

Ahli United Bank (Egypt) operates 26 branches across the country. Bank customers can expect that number to grow in the near future, as Ahli United Bank (Egypt) plans to execute an expansion strategy to serve the needs of customers throughout the country.

Having already invested more than L.E. 2 Billion in purchasing Delta International Bank by injecting new capital, Ahli United Bank will continue to invest significant amounts in Ahli United Bank (Egypt) to upgrade its technology, branches, products and most importantly, the skills and knowledge of its employees.