Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) reported a 6% year-on-year profit growth during the first half of 2019.
The lender’s profit after taxes stood at EGP 292.1 million in the six-month period ended 30 June, compared to EGP 275.3 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Sunday.
The bank’s net interest income rose to EGP 909.32 million in the January-June period of 2019 from EGP 861.22 million in the corresponding period a year earlier.
At the level of standalone business, EG Bank logged a profit of EGP 311.52 million in H1-19, compared to EGP 283.68 million in H1-18.
During the three-month period ended 31 March, the bank’s net profit increased to EGP 147.18 million from EGP 146.5 million in the prior-year period.
