Middle East

Ahli United Bank traces its history to the United Bank of Kuwait, incorporated in London in 1966.Ahli United Bank Group was created in 2000 through an agreement between the United Bank of Kuwait, PLC and Ahli Commercial Bank BSC, which became the group's wholly owned subsidiaries. Through its 2006 acquisition of Delta International Bank, the name of the bank has officially changed to Ahli United Bank (Egypt) effective May 28th, 2007.

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.

Ahli United Bank (Egypt) offers its customers a full range of financial products and services including wealth management, retail, corporate, treasury, offshore and private banking.

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.