Arab Finance: Business results contributed Abu Dhabi Islamic Bank- Egypt (Adib) During the year 2024, in strengthening its position in the Egyptian market, where the bank achieved concrete results that reflected on the strong financial performance throughout the year, which established its pioneering position as the best bank compatible with the provisions of Islamic Sharia in Egypt, according to the statement sent on February 11.
Last year, the bank’s achievement of the highest standards of quality and innovation in its banking services, and enabled the financial results of the bank during the year 2024 the extraction of the forefront of Islamic banks in the markets of assets and deposits, following the main financial throne of portfolios, which includes assets, deposits and loans.
With this superiority, the Islamic Bank of Islamic- Egypt-egypt “strengthened its position as a major player in the Islamic banking market, to confirm his ability to achieve comprehensive leadership, and goes on a confident pace towards achieving his banking vision at the level of retail products, innovation, digital products and companies, all of which reflect the size His accomplishments in several areas, and represented an appreciation of banking experts and financial analysts with the banks ’efforts and achievements over the past year.
The figures achieved in the bank’s performance during 2024 reflect the bank’s success in achieving a noticeable boom in all banking activities, as well as at the level of social responsibility, as the bank succeeded in maximizing the returns with subsidiary companies, which in turn witnessed a remarkable growth in profits and revenues, so that the bank deserves honor And coronation. The collected financial results for the period from 01/01/2024 to 12/31/2024 revealed that net profits of the “Abu Dhabi Islamic Bank- Egypt-egypt” increased to 9.02 billion pounds, with a growth rate of 93% from the previous year.
The bank announced the most prominent financial results for the past year, during a round table, held on February 11, 2025, in the presence of Mohamed Ali, CEO and managing director of the Abu Dhabi Islamic Bank- Egypt.
The bank said that the financial results collected with regard to growth rates in profitability showed that total revenue increased to 18 billion pounds, at a growth rate of 66%, and net income from fees and commissions increased by about 337 million pounds to 1.9 billion pounds, a growth rate of 22%.
Commenting on the financial performance during the past year, Mohamed Ali- CEO and Managing Director, “ADIB-EGYPT Egypt”, said: “We are proud of our achievements and cherish our position as the best and largest Islamic bank in Egypt, thanks to the distinguished financial performance, which reflects A strong orientation towards comprehensive growth, and that the bank’s strategy and future vision to enhance its position in the banking market is on the right path, and reaffirms the bank’s pioneering ability to innovate with distinct solutions that are compatible with the provisions of Islamic Sharia.
It is worth noting that the name “Abu Dhabi Islamic Bank- Egypt-egypt” has become linked to all that is new and innovative in the field of financial products and banking services. We are always keen to apply the criteria of discipline and adhere to the principles and provisions of Islamic Sharia.
The bank also participated in many initiatives to support sustainability and sustainable financing in Egypt, which confirms its commitment to integrate environmental and societal practices and governance.
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