Arab African International Bank’s own-source profits exceed $90 million in H1-22
Cairo – The Arab African International Bank (AAIB) recorded an increase in its autonomous net profit after tax to $90.49 million in the first half (H1) 2022, compared to $70.66 million in H1-21.
Earnings per share (EPS) were $0.82 in the Jan-June 2022 period, up from $0.64 in the same period a year earlier, according to financial results.
Additionally, net interest income reached $192.56 million in H1-22 from $163.51 million in H1-21.
In the first six months (6M) of 2022, the lender recorded net income from fees and commissions worth $28.80 million, compared to $30.95 million in H1-21.
During the second quarter (Q2) of 2022, the bank’s self-sustaining net profit after tax was $35.86 million, down from $38.43 million in Q2-21.
Meanwhile, standalone EPS declined to $0.33 in April-June 2022 from $0.35 in Q2-21.
Net interest income jumped to $90.74 million in Q2-22 from $82.07 million in Q2-21, while net fee and commission income fell to $12.71 million from $14.53 million.
In January-March 2022, AAIB’s consolidated after-tax net profit increased to $54.63 million from $32.22 million a year ago.
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