The Banker, an international financial publication, has awarded Ahli United Bank – Egypt as “Bank of the Year for Egypt in 2022” during its ceremony held in London, on December 1, 2022.
The award is a testament to the bank’s efforts to harness the quality of services provided, innovative solutions with unique value propositions for Corporate and Retail clients which differentiate from competition. The award also reflects on AUBE’s leading role in the Egyptian Banking Sector and its ability to leverage advanced technology and data.
“The award was granted to the bank in acknowledgment of its successful strategy, remarkable business results and distinctive Transformation Plan during the year. This is a true reflection of the immense efforts exerted by everyone at AUB Egypt to achieve such milestone and the persistence to introduce world class products and services’ which meet clients’ needs. She also highlighted that receiving this prestigious award motivated the bank’s staff to achieve further progress in developing various solutions to sustain its leadership in the Egyptian market. Said Hala Sadek, CEO, AUB – Egypt.
AUB – Egypt accelerated its transformation plan by offering cutting-edge and time-saving solutions for its customers. This is adjoined with real-time payment and collection services through advanced platforms such as the B2B Corporate Digital Platform, which was recently upgraded to allow corporate clients to efficiently manage their cash flow from remote with seamless execution. At the same time, it continues to offer new solutions for Retail clients like obtaining new account number through the (e-Account) service to enjoy a top-notch customer experience.
Hala added that the digital evolution achieved by the bank coincided with the rapidly growing FinTech industry in Egypt which indicates significant opportunities for the country. The bank also continues its support to various economic sectors with particular focus on manufacturing sector to steer economic development ahead, amidst challenging business environment.
“Bank of the Year Award” is one of most prestigious awards offered by “The Banker” magazine, a globally recognized publication in the banking sector. This award is considered a testimony granted by an international independent publication.
The award ceremony was held in London, on December 1, 2022, witnessing the attendance of more than 350 Chairpersons, Chief Executive Officers, and Senior Executives in the banking sector from more than 120 countries. The ceremony is considered the largest event ever, bringing together C-suite officials, and delegates of financial and economic institutions, outside of the IMF and World Bank’s meetings.
On the other hand, the bank’s net profits have recorded a 74 percent surge since the beginning of this year till September (1.4 Billion EGP), compared to 814.2 million EGP the corresponding period of last year. This surge was driven by the operating income growth that was achieved through diversifying the banking services and products offered to the clients, along with a 28 percent hike in the net value of loans and credit facilities. Further, the customer deposit portfolio recorded a 24.5 percent growth during the same period.
Tax registration number: 200-150-898
