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  • Market Indices
    Price: 100010
    Open: 990High: 1000
    Low: 980Close: 1000
    Volume: 933,345
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 313,994,332
    • Top Gainers

      Company Chg. % Cur. Price
      KBT9.0954
      ITHMR854
      ALNAWADI7.46144
      AJWAN7.0476
      GGMC6.56650
      GIH6.4183
      PAPCO5.88108
      TAHSSILAT5.3299
      MAZAYA4.62136
      UIC3.70112
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      Company Chg. % Cur. Price
      FUTUREKID-6.78110
      UREC-4.76160
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      MARAKEZ-3.8550
      PEARL-3.0316
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      EQUIPMENT-2.67146
      ASC-2.44400
      AGLTY 3-2.22888.579956
      ENERGYH-2.2288
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      Company Volume Price
      ITHMR`R27,582,62854
      KBT`R27,494,27254
      QURAINHLD`R25,295,32845.50
      ADNC`R17,808,33735
      ISKAN`R11,514,57126
      MAZAYA`R9,167,591136
      MAYADEEN`R8,074,42458
      GFH`R7,152,59440
      COAST`R7,000,18874
      ALDEERA`R6,937,37024
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News

Al Watany Bank of Egypt reports 19% growth in profits for the first quarter 2012

 

•Hassan: AWB’s resilient performance reflects its strength and solid financial position

Al Watany Bank of Egypt (AWB), the subsidiary National Bank of Kuwait Group (NBK) in Egypt, reported net profits of EGP 75.1 million for the first quarter of 2012 compared with EGP 63 million for the same period in 2011, an increase of 19.2% year-on-year.
As of end of March 2012, AWB’s total assets reached EGP 17.8 billion, up 8% year-on-year. ROA increased to 1.69% compared with 1.54% at the end of March 2011, and ROE increased to 18.74% from 14.13%.
Yasser Hassan, AWB Managing Director, said that AWB has once again proved its ability to post strong profits despite the unfavorable and challenging local and regional situation. AWB’s resilient performance for the first quarter of 2012 reflects the bank’s strength and solid financial position.
“AWB has been one of the fastest growing banks in Egypt over the past few years and is moving forward with its strategy to strengthen its position in the Egyptian market,” added Hassan.
AWB, a member of NBK Group, was established in 1980 and has a branch network comprised of 41 branches situated at strategic locations within the various Egyptian governorates and cities, including Cairo.

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