Cairo – Mubasher: The unaudited consolidated financial results of the Egyptian Gulf Bank (EG Bank) posted net profits of EGP 306.98 million in the first half (H1) of 2020, up by 4.6% year-on-year (YoY) from EGP 293.2 million.
The lender’s interest income increased to EGP 3.789 billion in the January-June period from EGP 3.66 billion in the corresponding period a year earlier, according to a bourse disclosure on Wednesday.
Moreover, the bank’s margin interest grew to EGP 1.338 billion in H1-20, compared to EGP 909.32 million in H1-19.
Earlier, EG Bank reported standalone net profits of EGP 317.03 million in the first six months of the year, up from EGP 311.53 million in the same period in 2019.
