Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) posted an increase of 37.64% in net profits for the fiscal year ended 31 December 2015, to
EGP 3.2 billion ($409.9 million), up from EGP 2.32 billion ($297.2 million) in 2014.
Meanwhile, the lender, a subsidiary of Qatar’s QNB, saw interest income of EGP 4.9 billion in 2015, compared with EGP 3.7 billion in the previous year.
In the same vein, the lender’s unconsolidated financial statements for the same year reflected net profits of EGP 3.1billion, up from EGP 2.2 billion in the preceding year.
Earlier, QNB Al Ahli registered an increase of 36.8% in net earnings for the nine-month period ended 30 September 2015to EGP 2.23 billion compared with EGP 1.69 billion for the similar period a year earlier.
