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ADIB - Egypt profits soar 90% in H1

ADIB - Egypt profits soar 90% in H1
H1 Profits reached EGP 107.3 million - (Photo Credit: Arabianeye-Reuters)
Abu Dhabi Islamic Bank
ADIB
2.18% 44.50 0.95

Cairo - Mubasher: The profits of Abu Dhabi Islamic Bank - Egypt (ADIB- Egypt) surged 90% in the second quarter of 2016 to EGP 107.3 million ($12.05 million), compared to EGP 56.6 million ($6.36 million) in the same period last, the bank said in a bourse filing on Thursday.

Total earned profits for the first half of the year also increased 61% year-on-year to EGP 191 million, compared to EGP 119 million in H1-15.