Ahli United Bank (Egypt) supports future generations
Ahli United Bank (Egypt) is sponsoring a performance of the longest running Broadway show in history, The Phantom of the Opera. All the proceeds from this musical will go to the “contribute in building 100 schools” project, which was launched in 2006 under the auspices of Mrs. Suzanne Mubarak. Featuring 120 students from the Modern Sciences and Arts University (MSA), the production of the musical is due to be staged at the Cairo Opera House and will run for a four day period between 20th and 23rd July.
more


Ahli United Bank (Egypt) announces LE 2.5 million grand prize winner LE 10,000 monthly salary for life
Ahli United Bank Egypt announced the results of its first quarterly draw of “MyHassad” saving account. The grand quarterly prize is the “Salary for Life” prize worth LE 2.5 million where the lucky winner receives LE 10,000 per month for the next 20 years. The winner of the first quarterly award is Waheeb Raeef.
more




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 now is the operator of 20 branches in Egypt. The Bank is one of the leading financial institutions in the Middle East with total assets in excess of US$23 billion (as of 31 December 2007), and consolidated net profit of US$ 296.3 million for 2007 offering its customers a full range of financial products and services including wealth management, retail, corporate, treasury, offshore and private banking.

Ahli United Bank reported a consolidated net profit of US$ 296.3 million for the year ended 31 December 2007, an increase of 42.8% over 2006 (US$ 207.5 million). As of 31 December 2007, the Group’s total assets stood at US$ 23.0 billion, an increase of 10.6% over 31 December 2006.

Ahli United Bank (Egypt) has announced its end year financial results for 2007. The bank posted net interest income of EGP 179.8 million, a 38% increase over the same period in 2006. Net profit increased of EGP 146.8 million compared to EGP0.2 million in 2006. Loans to customers increased from EGP 1.4 billion to 2.5 Billion, an increase of 134% compared to December, 2006

Ahli United Bank continues to explore opportunities for future international mergers and acquisitions in countries such as Saudi Arabia, the United Arab Emirates, and Switzeralnd.