The Al Watany Bank of Egypt made a net profit of 243.6 million Egyptian pounds (US $44.5 million) in 2007, a 157% increase compared to 2006.[8][9] It posted a profit of 290.6 million Egyptian pounds for the first nine months of 2008, a 29.2 percent growth compared to the same period in the previous year.[10] Its assets were valued at 14.6025 billion Egyptian pounds at the end of the third quarter of 2008.[10]