Ahli United Bank (Egypt) Announces First Quarter Results For 2011
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.
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