Cairo – Mubasher: Al Baraka Bank Egypt on Tuesday reported an 18% year-on-year increase in profits for the first nine months of 2018.
Net profit amounted to EGP 632.4 million in the period between January and September, versus EGP 534.7 million in the same period of 2017, the bank said in a filing to the Egyptian Exchange (EGX).
Net income grew to EGP 1.3 billion in the nine-month period, from EGP 1.09 billion in the year-ago period.
Al Baraka Bank Egypt previously posted a net profit of EGP 410 million for the first half of 2018, versus EGP 315.99 million in H1-17.
