Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) logged a net profit of EGP 293.2 million in the first half of 2019, down from EGP 294.02 million in the year-ago period, according to the lender’s unaudited financial results.
Meanwhile, the bank’s interest income retreated to EGP 3.6 billion in the six-month period ended 30 June, compared to EGP 3.7 billion in the corresponding period a year earlier, according to a statement to the Egyptian Exchange (EGX) on Tuesday.
As for standalone business, the bank’s profits increased to EGP 311.5 million in H1-19 from EGP 283.6 million in H1-18.
During the first quarter of 2019, EG Bank reported net profit of EGP 147.18 million, compared to EGP 146.5 million in Q1-18.
