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  • Market Indices
    Price: 990-10
    Open: 1000High: 1000
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    Volume: 1,195,737
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 221,785,809
    • Top Gainers

      Company Chg. % Cur. Price
      AJWAN8.3365
      QURAINHLD7.5835.50
      NCCI6.6780
      CITYGROUP6.25425
      FUTUREKID5.36118
      KFOUC4.29365
      EQUIPMENT4.05154
      AAYAN2.4185
      ERESCO2.3388
      BAYANINV2.3388
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      CBK-6.76690
      PEARL-5.7116.50
      SALBOOKH-5.1093
      ISKAN-3.8525
      CLEANING-3.70104
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      RKWC-3.12124
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      ARZAN-2.9067
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      GFH`R30,435,50942
      BAYANINV`R12,280,40088
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      ALMAL`R10,143,37845.50
      GPI`R9,712,249110
      AAYAN`R8,824,77885
      INOVEST`R8,103,14879
      AJWAN`R6,461,77165
      ALDEERA`R6,378,45128.50
      EQUIPMENT`R6,351,021154
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News

NBK reports EGP 312.8 million net profits from AWB operations for 2008

An increase of 54% against previous year

NBK reported today a net profit of EGP 312.8 million from Al Watany Bank of Egypt (AWB) operations in 2008 compared to EGP 203.3 million in 2007, an increase of 54%. Return on AWB average assets rose to 2.37% in 2008 from 1.63% in 2007 while return on shareholders equity increased to 20% from 15%.  

NBK Group CEO, Ibrahim S. Dabdoub expressed his satisfaction at the remarkable financial results and the progressive growth achieved by AWB, pointing out that these results indicate that AWB is well positioned to capitalize on the promising opportunities available in Egypt, adding that he expects that AWB will maintain the momentum of its ongoing growth and remarkable financial results.

"For the second consecutive year, AWB has proved its ability to make unprecedented growth and  post record net profits of EGP 312.8 million, with an increase of 54% against the previous year despite the adverse and unfavorable regional and international situation" Dabdoub added.

AWB,a member of NBK Group, was established in 1980 and has a branch network comprised of 30 branches situated at strategic locations within the various  Egyptian governorates and cities.

 

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