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 reported a consolidated net profit increase of EGP 146.8 million for the end year result of 2007 ended 31 December 2007 compared to 0.2 million in 2006. As of 31 December 2007, the Group’s total assets stood at EGP 5.8 billion, an increase of 1.8 billion over 31 December 2006.

Ahli United Bank (Egypt) operates 20 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.