Cairo - Mubasher: The financial indicators of Egyptian Gulf Bank (EG Bank) showed that profits surged 47% year-on-year in the first quarter of 2017, on the back of a rise in interest revenues.
The bank said in a statement to the Egyptian Exchange (EGX) on Wednesday that profits totalled EGP 138.1 million in Q1-17 compared to EGP 93.7 million in the same period in the year before.
Revenues also went up to EGP 1.37 billion from EGP 612.05 million in the first quarter of 2016.
