Cairo – Mubasher: Emirates NBD - Egypt reported a 44.23% year-on-year hike in its net profits in 2019, the bank’s consolidated financial statements showed.
The lender’s net profits surged to EGP 1.765 billion last year, compared to EGP 1.22 billion in 2018, including minority shareholders’ rights, according to a statement on Sunday.
Meanwhile, the bank’s net interest income went up by 15.59% to EGP 2.88 billion in 2019 from EGP 2.49 billion in the prior year, while the net income from fees and commissions fell to EGP 615.7 million from EGP 626 million in 2018.
Additionally, the total assets of Emirates NBD – Egypt grew to EGP 57.82 billion last year from EGP 57.251 billion in the previous year.
Furthermore, the bank’s net loans and credit facilities went up to EGP 30.364 billion last year from EGP 28.784 billion a year earlier, while the customer deposits increased to EGP 44.712 billion from EGP 41.837 billion in 2018.
