Cairo - Mubasher: The financial statements of the National Bank of Egypt (NBE) showed a 145% rise in profits in fiscal year 2015/2016.
Net profits reached EGP 12.5 billion compared to EGP 5.1 billion in the year before, according to the bank’s statement on Sunday.
Total deposits grew 24.8% year-on-year to EGP 558.6 billion up from EGP 447.7 billion.
The bank’s loan portfolio also increased by 48.6% to EGP 231.3 billion in FY15/16, compared to EGP155.7 billion in FY14/15.
