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ADIB Egypt's H1 profit grows 28%

ADIB Egypt's H1 profit grows 28%
The bank's net interest income declined to EGP 1.64 billion
Abu Dhabi Islamic Bank
ADIB
2.71% 12.52 0.33

Cairo – MubasherAbu Dhabi Islamic Bank-Egypt (ADIB Egypt) recorded net profits of EGP 680.15 million in the first half (H1) of 2021, a 28% year-on-year (YoY) increase from EGP 530.57 million, including minority shareholders' rights. 

The bank's net interest income rose to EGP 1.64 billion in the January-June period from EGP 1.58 billion in the prior-year period, according to a bourse disclosure on Sunday.

As for standalone business, ADIB Egypt logged net profits of EGP 640.54 million in H1-21, up from EGP 509.58 million in H1-20. 

In the first quarter (Q1) of 2021, ADIB Egypt posted consolidated net profits of EGP 332.22 million, up from EGP 230.35 million in Q1-20, including minority shareholders' rights.