Cairo – Mubasher: The unaudited consolidated financial results of the Egyptian Gulf Bank (EG Bank) reported a slight drop in net profits, logging EGP 455.26 million during the first nine months of 2020, compared to EGP 459.67 million in the same period in 2019.
The bank’s interest income increased to EGP 5.59 billion in the nine-month period ended 30 September from EGP 5.53 billion in the corresponding period a year earlier, according to a bourse disclosure on Wednesday.
In addition, the standalone financial results showed net profits of EGP 466.17 million, down from EGP 478.44 million in the January-September period of 2019.
During the first six months of the year, EG Bank achieved net profits of EGP 306.98 million, up from EGP 293.2 million in the year-ago period.
