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QNB Al Ahli profit jumps 30.5% in 2014

QNB Al Ahli profit jumps 30.5% in 2014
QNB Al Ahli
QNBA
-3.54% 31.31 -1.15

QNB Al Ahli, Egyptian subsidiary of Qatar’s QNB, posted on Tuesday financial results for the fiscal year 2014, showing that consolidated net profit rose 30.5% to EGP 2.32 billion ($325.5 million), from EGP 1.8 billion ($249.5 million) a year earlier.

Financial data also showed a rise in credit revenues and miscellaneous revenues to EGP 8.2 billion, compared with EGP 6.5 billion in 2013.

Meanwhile, the lender’s standalone net profit rose 26.33% to EGP 2.2 billion ($2.32 million) compared with EGP 1.7 billion ($244.24 million) in 2013.

Financial results for the first nine months of FY14 had shown EGP 1.697 billion, with an increase of 24% year-over-year.