Al Ahli (Egypt) reports EGP 3.1 billion profit in the first half, up 30%

National Bank of Kuwait – Egypt achieved strong financial results during the first half of 2026, recording net profits of EGP 3.1 billion for the period ended June 30, 2026, representing a 30% growth compared to EGP 2.4 billion in the same period last year.

Pre-tax profits grew by 40%, reaching EGP 4.5 billion compared to EGP 3.2 billion in the corresponding period of 2025. Meanwhile, net income from interest and fees rose by 34% in the first half of the current year to EGP 5.1 billion, up from EGP 3.8 billion in the same period last year.

Total bank assets increased by 10%, reaching EGP 196.7 billion compared to EGP 178.1 billion at the end of December 2025. Total customer deposits grew by 15% to EGP 161.6 billion, compared to EGP 141 billion at the end of 2025, while the total loan portfolio rose by 7% to EGP 93.5 billion, up from EGP 87.6 billion at the end of 2025.

Commenting on these results, Ali Maqrabi, Chairman of the Board of Directors of National Bank of Kuwait – Egypt, affirmed that the strong performance in the first half of the year adds a new achievement to the bank’s record since the National Bank of Kuwait Group’s acquisition in 2015, reflecting the continuous effort to achieve the group’s objectives and maximize shareholder value.

Maqrabi added, “We will continue to build and develop in the coming period, relying on our confident future vision and sound institutional approach, ensuring the bank remains among the leading banks in the Egyptian banking sector.”

He noted that National Bank of Kuwait – Egypt continued to enhance its positive social impact through the launch and implementation of various corporate social responsibility initiatives, as part of its commitment since commencing operations in the Egyptian market to create a positive societal impact. He highlighted that these efforts received strong support from bank employees through their participation in volunteer programs, and reaffirmed the bank’s commitment to continuing financial and moral support for the most vulnerable groups through these initiatives to achieve sustainable community development, leading to a more cohesive society.

He further stated, “The recorded indicators reflect the bank’s relentless efforts to achieve excellence in providing the best banking services and products, our commitment to continuous development to serve customers, and our constant pursuit to consolidate our distinguished position in the Egyptian banking sector. We reiterate our commitment to the principles of sustainability, governance, and social responsibility, driven by our belief that success is measured by the positive and sustainable impact we create in society.”

At the end of his statement, he expressed his gratitude and appreciation to the executive management team and all bank employees for their continuous dedication, which played a significant role in achieving ambitious aspirations and plans.

For his part, Khaled Al-Salawi, Managing Director and CEO of National Bank of Kuwait – Egypt, stated that the bank’s strong operational performance enabled it to consolidate its financial position, enhancing its ability to face economic changes and efficiently handle various challenges amid rapid developments in the local and global economies. He confirmed that the bank’s adopted strategy has proven its ability to mitigate risks and achieve noticeable growth rates across all performance indicators.

Al-Salawi emphasized that the bank’s future outlook remains optimistic, supported by ongoing economic reforms and significant government efforts to enhance economic stability and stimulate investment, thereby contributing to creating a supportive environment for the growth of the banking sector and sustaining its vital role in supporting the national economy.

He praised the leading role played by the Central Bank of Egypt in spearheading digital transformation efforts and fostering financial innovation, thereby supporting the achievement of financial inclusion goals and expanding the scope of banking services to encompass all segments of society.

He clarified that the bank continues to launch digital initiatives and solutions that keep pace with technological advancements and meet customer needs, contributing to a more convenient and efficient banking experience. He noted that the bank’s ambitious strategy aims to develop business plans across all sectors, establish clear performance measurement standards, invest in infrastructure and technology, and pursue geographic expansion to ensure the delivery of superior banking services to customers.

El-Slawy emphasized the bank’s steadfast commitment to providing exceptional banking solutions that address diverse customer needs. In conclusion, he stated that the bank is moving forward to strengthen its robust financial position and keep abreast of the rapid changes characterizing the banking sector.

The bank recently won four global awards, including three titles from International Business magazine’s 2026 edition. El-Slawy received the award for “Best Forward-Thinking Banking Leader,” in recognition of his role in steering the bank toward sustainable growth, fostering a culture of innovation and development, and enhancing institutional performance in line with global best banking practices. Additionally, the bank won awards for “Best Corporate Banking Bank” and “Best Retail Banking Bank,” acknowledging its excellence in delivering banking services to both individuals and corporations.

The bank also received the “Customer Service Excellence” award from Deutsche Bank, recognizing the strength of the partnership between the two banks throughout 2025. This honor reflects the bank’s outstanding performance and high-quality operational processes, which support joint cooperation in relationship management, cash management, trade finance, and corporate banking services, as well as international customer services according to the highest global standards. This collaboration enhances mutual trust and supports further shared successes aimed at improving the quality of services provided to customers.

This cooperation supports the bank’s journey toward digital transformation, enabling it to expand its service offerings to meet the needs of various customer segments. It allows the bank to deliver innovative solutions and a pioneering, exceptional banking experience, thereby supporting Egypt’s vision of transitioning toward a cashless society while enabling customers to benefit from the added digital capabilities provided by Mastercard solutions across various levels.