ArabFinance: Qatar National Bank Alahli (QNB Al Ahli) (QNBA) reported a consolidated net profit attributable to the parent company of EGP 6.006 billion in the first half (H1) of 2021, compared to a profit of EGP 5.64 billion in H1 2020, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

In the third quarter (Q3) of 2021, the bank achieved a consolidated net profit of EGP 1.908 billion, up from EGP 1.79 billion in Q3 2020.

As per the bank’s standalone financial statement, QNB Al Ahli’s standalone net profit after tax amounted to EGP 5.69 billion in H1 2021, compared to EGP 5.57 billion in H1 2020.

The bank’s standalone net profit for Q3 2021 stood at EGP 1.86 billion, versus a profit of EGP 1.76 billion in Q3 2020.

QNB Alahli, formerly National Societe Generale Bank, is an Egypt-based bank that offers corporate and retail banking to corporate, and medium and small enterprises, as well as individuals. The bank is organized into three business segments: retail banking, corporate and investment banking, and Tawazon Fund.