Cairo – Mubasher: The consolidated net profits of Qatar National Bank Al Ahli (QNB Al Ahli) declined by 12.6% year-on-year (YoY) to EGP 5.64 billion in the first nine months of 2020 from EGP 6.45 billion, including minority shareholders’ rights.
The lender’s net income from interest and fees rose to EGP 12.37 billion in the January-September period from EGP 11.65 billion in the corresponding period a year earlier, according to a bourse disclosure on Sunday.
As for standalone business, the bank reported net profits of EGP 5.57 billion in the nine-month period ended 30 September, down from EGP 6.2 billion in the prior-year period.
During the first six months of 2020, QNB Al Ahli achieved net profits of EGP 3.84 billion, down from EGP 4.21 billion in the same period in 2019.
