ALEXBANK Offers Women’s Personal Finance Programs without Administrative Charges Until December 29, 2022

ALEXBANK Offers Women’s Personal Finance Programs without Administrative Charges Until December 29, 2022

On its official Facebook page, ALEXBANK announced its support for working women on the occasion of the International Day for the Elimination of Violence against Women.

ALEXBANK supports working women through personal finance programs with no administrative costs in the period from November 27 to December 29.

ALEXBANK Bank offers a distinct range of personal finance programs (Personal Finance with Job Guarantee, Personal Finance for Bank Employees, Personal Finance with Pension Guarantee, Personal Finance for Car Purchase).

The bank provides these programs with a package of benefits, the most important of which are a financing value of up to EGP 3 million, a repayment period of up to 12 years, and the option of deferring premiums for a year for customers of the salary transfer program whose entire salary is transferred to ALEXBANK.

Egypt’s AlexBank pre-tax net profit hits EGP2.1 billion in 9 months

Egypt’s AlexBank has announced on Sunday that its net profits before taxes reached 2.1 billion Egyptian pounds ($85,4 million) for the first nine months of the year, from 76 million pounds ($3 million) in the same period last year.

The profits before taxes for the first nine months of the year amounted about 3.1 billion pounds, an increase of 3 percent compared to the same period in 2021, according to Bank’s statement.

The statement further added that the bank’s profits during the third quarter recorded 1.2 billion pounds, an increase of 17 percent compared to the third quarter of the fiscal year in 2021.

AlexBank was able to maintain the bank’s capital position on September 30, 2022, which exceeded the minimum regulatory requirements.

While, the continuous basic capital represented in the first tranche of the capital base has reached 11.43 billion pounds, or 20.31 percent of risk-weighted assets.