Al Baraka Bank’s net profits rise by 73%, recording EGP 959 mn during Q1-2025

Al Baraka Bank’s separate financial statements, issued a short while ago on the Egyptian Stock Exchange website and announced for the financial period ending last March 31, revealed a growth in the bank’s net profits at a rate of 72.78% and an increase of EGP 404 mn, after recording EGP 959 mn during the first quarter of 2025, compared to EGP 555 mn during the first quarter of 2024.

The bank's profits before taxes increased at a growth rate of 49.69%, with an increase of EGP 447.1 mn during the first quarter of 2025, to record EGP 1.365 bn, compared to EGP 918.2 mn during the first quarter of 2024.

The bank's net interest income increased to EGP 1.810 bn during the first quarter of 2025, compared to EGP 1.337 bin pounds during the first quarter of 2024, growing at a rate of 35.37% and achieving an increase of EGP 472.9 mn.

Net fees and commissions income jumped at a growth rate of 87.62%, recording EGP 259.5 mn during the first quarter of 2025, compared to EGP 138.3 mn during the same period in 2024, achieving an increase of EGP 121.2 mn.

In terms of the bank’s financial position, its total assets increased at a growth rate of 5.10%, with an increase of EGP 6.5 bn during the first quarter of this year, reaching EGP 134.3 bn by the end of March 2025, compared to EGP 127.8 bn by the end of 2024.

The bank’s total customer deposits also increased at a growth rate of 5.62%, and the value of the increase in the portfolio amounted to about EGP 6 bn during the first quarter of this year, recording EGP 112.6 bn by the end of March 2025, compared to EGP 106.6 bn by the end of 2024.

The Bank's total Musharaka, Mudaraba and Murabaha transactions with customers increased at a growth rate of 7.06% after the volume of increase in the portfolio reached EGP 4.3 bn during the first quarter of this year, recording EGP 64.9 bn by the end of March 2025, compared to EGP 60.6 bn by the end of 2024.