QNB Al Ahli’s consolidated profit drops 88.4% YoY in H1 2022
Updated 7/7/2022 3:51:23 PM
Arab Finance: Qatar National Bank Alahli (QNB Al Ahli) (QNBA) posted a 88.39% drop year-on-year (YoY) in consolidated net profit attributable to the bank in the first half (H1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on July 7th.
Consolidated net profit excluding minority interest amounted to EGP 4.75 billion in H1 2022, compared to EGP 4.098 billion in H1 2021.
In the second quarter (Q2) of 2022, the bank recorded a consolidated net profit of EGP 2.54 billion, compared to EGP 2.13 billion in Q2 2021.
At the level of the standalone financial statement, standalone net profit stood at EGP 4.41 billion in the six-month period ended June 30th, up from EGP 3.83 billion in the year-ago period.
QNB Alahli 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.
