Cairo – Mubasher: The consolidated financial statements of Al Baraka Bank - Egypt showed net profits of EGP 543.67 million in the first half (H1) of 2020, up by 1.1% year-on-year (YoY) from EGP 537.6 million.
The bank’s net interest income increased to EGP 1.18 billion in the six-month period ended on 30 June from EGP 986.27 million in the year-ago period, according to a bourse disclosure on Thursday.
As for standalone business, the lender achieved net profit of EGP 540.66 million in H1-20, slightly up from EGP 537.6 million in H1-19.
During the first quarter (Q1) of 2020, the bank reported net profits of EGP 264.24 million, slightly down from EGP 266.28 million in the year-ago period.
