ABK-Egypt Recognized as Fastest Growing Bank in Egypt for 2023

In a proud achievement, Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt), a subsidiary of Al-Ahli Bank of Kuwait, has been recognized as the Fastest Growing Bank in Egypt for 2023 by International Business Magazine. This accolade standing testament to the noteworthy achievements of ABK-Egypt, and it's growth trajectory ever since the Group’s acquisition of Piraeus Bank Egypt in 2015. Chairman of ABK-Egypt, Ali Marafi, shared his excitement over winning the 'Fastest Growing Bank – Egypt 2023' award and stated its reflection over the bank’s strategic vision and commitment towards excellence. Khaled El Salawy, CEO and Managing Director of ABK-Egypt, expressed his gratitude and denoted the award as proof of their commitment towards achieving sustainable growth. Despite starting from a loss in 2015, the bank’s financial performance peaked with a net profit of EGP 1.7 billion in the first half of 2023. One of the key factors of ABK-Egypt’s growth is its commitment to customer satisfaction. It has successfully undertaken a thorough understanding of the economic landscape and provided banking solutions to meet customers' demands. Its financial prosperity and extensive brand-building campaigns have placed ABK-Egypt as a trusted banking partner in the market. Despite the financial triumph, ABK-Egypt continues to be a responsible corporate citizen, supporting communities through various social initiatives.