FABMISR’s net profit jumps 153% YoY in 2024

Updated 2/5/2025 3:45:00 PM
FABMISR’s net profit jumps 153% YoY in 2024

Arab Finance: First Abu Dhabi Bank Misr (FABMISR) reported a 153% year-on-year surge in 2024 net profits, registering EGP 26.3 billion, up from EGP 10.4 billion in 2023, according to an emailed press release.

The bank provided net loans to customers of EGP 142 billion last year, marking a 64% YoY growth.

Meanwhile, the bank’s total customer deposits grew by 29% YoY to EGP 258.8 billion.

As for the bank’s total assets, they jumped by 40% YoY, standing at EGP 412.7 billion in December 2024.  

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