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) (AUBE) announced its financial results for the first quarter ending March 31st, 2011. The bank posted net income of EGP 45.0 million compared to EGP 35.2 million for the same period in 2010. Operating income was EGP 97.6 million, an increase of 13.9% over the same period in 2010, and total assets were EGP 10.4 billion. Gross loans to customers and investments grew by 48% to EGP 8.3 billion over the same period in 2010.

Ahli United Bank (Egypt) operates 27 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.