Cairo – Mubasher: Egyptian Gulf Bank (EGB) posted a decline of 29.9% in net profits for the third quarter of 2016.
EGB recorded net profits of EGB 69.6 million at the third quarter of 2016, down from EGP 99.3 million a year earlier.
As for the first nine months of 2016, the company reported net profits of EGP 219.8 million up by 41.14% y-o-y.
The lender said its total deposits stood at EGP 33.1 billion by the end of September 2016.
