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  • Market Indices
    Price: 10000
    Open: 1000High: 1000
    Low: 990Close: 1000
    Volume: 14,835,188
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 204,408,390
    • Top Gainers

      Company Chg. % Cur. Price
      AUB15.63226.329010
      ZIMAH10110
      JEERANH9.4358
      TAHSSILAT6.2585
      ALAQARIA5.9544.50
      GNAHC5.0552
      PEARL4.8821.50
      BPCC 64.23754.429993
      BPCC 34.23747.214966
      BPCC 94.23761.645020
    • Top Losers
      Company Chg. % Cur. Price
      ALNAWADI-8.06114
      ALDEERA-6.6735
      ACICO-4.62310
      KSHC-4.2933.50
      Al-Mowasat-4.26180
      DANAH-3.7577
      FUTURE-3.61160
      AMWAL-3.5155
      GCEM-3.28118
      IFA-3.0863
    • By Volume
      Company Volume Price
      ALDEERA`R21,133,19935
      ALIMTIAZ`R16,445,15186
      NBK`R14,835,1881000
      KFIN`R9,280,031860
      GBK`R7,776,392395
      ABYAAR`R6,957,77248.50
      KBT`R6,072,81542
      KGL`R5,229,268106
      IFA`R4,957,84263
      SOKOUK`R4,935,939110
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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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