ADCB-Egypt posts 83% increasing in net profit for the first half of 2021

EGYPT – Abu Dhabi Commercial Bank – Egypt (ADCB-Egypt) has delivered robust results during the first half (H1) of 2021, with net profit increasing by a staggering 83% to reach EGP 358 million (US$22.79m) compared to H1 of 2020. This positive performance reflects the bank’s successful business management and its efficiently executed growth strategies at this critical stage despite the pandemic effects. It also proves the Egyptian economy’s resilience, as the country was one of the few emerging markets that maintained growth with quick pace in spite of the immense…

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