National Bank of Kuwait reports LE447m net profits from Al Watany Bank of Egypt activities in 2010 | National Bank of Kuwait reports LE447m net profits from Al Watany Bank of Egypt activities in 2010 -
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National Bank of Kuwait reports LE447m net profits from Al Watany Bank of Egypt activities in 2010

Egypt: Monday, April 04 - 2011 @ 09:41

AWB’s return on average assets reached 2.62% in 2010, while the return on shareholders’ equity increased to 33.03%, from 31.29% in 2009. Total assets increased to LE17.06bn compared to LE14.82bn. Shareholders equity, including profits for this period, reached LE1.8bn as of the end of 2010, up from LE1.77bn in 2009.

On his part, Dr. Yaser Hasan, AWB CEO, said that “the positive results achieved by AWB are the outcome of focusing on service quality, enhancing risk management systems and implementing a business work model that meets the variable requirements of all customer categories.”

AWB, a member of NBK Group, was established in 1980 and has a branch network comprised of 40 branches situated at strategic locations within the various Egyptian governorates and cities, including Cairo, Al Jezza, Alexandria, Sharam Al Shaikh, Al Ghardaka, Tanta, 6th October, 10th Ramadan, Al Mansoura, Dumyat and Souhaj.

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Monday, April 4- 2011 @ 9:41 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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