ABCE held its Annual General Meeting on 29th April 2015. The Chairman of the Board of Directors, Dr. Khaled Kawan, shared an update on the Bank’s performance. ABCE has recorded its highest ever net profit for the year ending December 2014. In fact, the Bank achieved a net profit of EGP 103.5m compared to EGP 96.6m in 2013 – a remarkable growth of 7.1%.
The AGM also noted future expansion plans of ABCE including opening new branches in Mohandessin and Nasr City in addition to reallocation of October branch in to its new location in El Sheik Zayed.
Finally, Dr. Kawan seized this opportunity to thank the Bank’s Members of the Board of Directors, its management and staff for this unprecedented performance.