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FinancialNews
11-05-19
Egypt's biggest lender hits USD938.8m in profits
(MENAFN) Profits of National Bank of Egypt in the first half of the fiscal year 2018-19 climbed to stand at around USD938.8 million, reflecting a solid performance by the largest lender in Egypt.
This comes in comparison to the USD770,960,480.40 income the major lender registered during the same period in the previous fiscal year 2017-18.
Speaking to Amwal Al Ghad, sources revealed that "the bank's net profits after tax increased by 2 billion pounds, to record around 9.7 billion pounds from 7.7 billion pounds last year."
However, according to sources, the bank's net profit during the 2017-18 fiscal year posted a decline to reach 10.1 billion pounds from 13.4 billion pounds.
MENAFN1105201900450000ID1098508216
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