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  • Market Indices
    Price: 9700
    Open: 970High: 980
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    Volume: 290,161
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 129,519,224
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      MASSALEH7.8169
      Mashaer Holding6.67160
      STRATEGIA6.6780
      KCIN61060
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      IFAHR5.38196
      SALBOOKH3.8082
      JAZEERA3.53440
      LOGISTICS3.51118
      NAFAIS3.4191
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      ALMADINA-5.9731.50
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      POULT-5.56170
      GCEM-5.45104
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      GFH`R19,457,67632.50
      KRE`R5,957,50872
      SAFRE`R5,704,72923.50
      QURAINHLD`R5,052,98817.50
      BURG`R5,018,001520
      HITSTELEC`R4,340,41836
      SENERGY`R4,072,85624
      ABYAAR`R3,875,28836.50
      ALMADINA`R3,751,80031.50
      ALDEERA`R3,703,52816
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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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