Gross loans at QNB ALAHLI increased by 55% year-to-date and continued to maintain strong asset quality, with a non-performing loans ratio of 2.56% as of December 2016. QNB ALAHLI generated a consolidated net profit of EGP 4.203m, up by 32% compared to December 2015. Net fees and commissions reached EGP 1.362m for 2016, up 13%, compared to EGP 1.209m for 2015, and 21% growth quarter-on-quarter. Other operating income reached EGP 1.214m, up by 122% compared to EGP 548m for 2015. Overall net cost of risk recorded EGP 1.978m at the end of 2016, compared to EGP 661m at the end of 2015.

Source: Daily News Egypt January 16, 2017 15:19 UTC