Cairo – Mubasher: The consolidated net profits after tax of Qatar National Bank Al Ahli (QNB Al Ahli) hit EGP 4.71 billion in the first quarter (Q1) of 2023, versus EGP 2.20 billion in Q1-22, including non-controlling interest.
Earnings per share (EPS) stood at EGP 1.87 in January-March 2023, higher than EGP 0.87 in the year-ago period, according to the income statements.
During the first three months (3M) of 2023, the net interest income hiked to EGP 6.62 billion from EGP 4.26 billion in 3M-22. The total assets enlarged to EGP 525.01 billion from EGP 483.27 billion.
Standalone Financial Results
The standalone profits after tax increased to EGP 4.48 billion in Q1-33 from EGP 2.03 billion in Q1-22, while the net interest income jumped to EGP 6.52 billion from EGP 4.15 billion.
Meanwhile, the total non-consolidated assets amounted to EGP 517.43 billion as of 31 March 2023, an annual surge from EGP 476.79 billion.
In 2022, QNB Al Ahli generated EGP 10.35 billion in consolidated net profit after tax, up 36% year-on-year (YoY) from EGP 7.62 billion.
As for the standalone business, the net profits after tax surged by 36% to EGP 10.12 billion last year from EGP 7.45 billion in 2021.
