Cairo – Mubasher: Al Baraka Bank Egypt on Thursday said that the unconsolidated financial statements showed a 38.2% year-on-year jump in net profits for the full year of 2018.
Net profits amounted to EGP 1.003 billion from January to December 2018, compared to EGP 725.25 million a year earlier, according to a statement to the Egyptian Exchange (EGX).
Year-on-year, the lender’s net income increased to EGP 1.88 billion last year, from EGP 1.51 billion.
Al Baraka Bank Egypt’s net income from fees and commissions levelled up, logging EGP 271.42 million in the 12-month period ended last December, compared to EGP 228.75 million.
During the first nine months of 2018, the bank's net profit amounted to EGP 632.4 million, versus EGP 534.7 million in the same period of 2017.
