QNB Alahly records consolidated profits of LE8.5B in 2019

CAIRO – 15 January 2020: Qatar National Bank Alahly (QNBA) recorded consolidated profits of LE 8.5 billion during 2019, compared to LE 7.2 billion including minority rights, during 2018, marking an increase of 18.35 percent.

The bank’s financial indicators revealed recording net income from revenue at LE 13.75 billion, compared to LE 11.08 billion in 2018.

As per QNBA standalone profits, they hiked 20.29 percent to hit LE 8.32 billion, up from LE 6.92 billion in 2018.

During the first nine months of 2019, the bank recorded profits of LE 6.45 billion, compared to LE 5.38 billion including minority rights in the same period of 2018.

As per the third quarter, the bank reached profits of LE 2.23 billion during 2019’s period, up from LE 1.92 billion during the same period of 2018.

QNB Alahli operates within the banking sector. It has subsidiaries operating across Egypt.