EBank's net profit achieves 28% growth during Q1 2025, recording EGP 1.32 bn

Separate financial statements of the Egyptian Export Development Bank (EBank) ending on March 31, 2025, and issued on the stock exchange website, revealed an increase in its net profits at a growth rate of 28%, to record 1.319 billion pounds during the first quarter of 2025, compared to 1.031 billion pounds during the first quarter of 2024, an increase of 288.2 million pounds.

The bank's pre-tax profits increased at a growth rate of 34.75%, recording 1.959 billion pounds during the first quarter of 2025, compared to 1.454 billion during the first quarter of 2024, with an increase of 506 million pounds.

The bank's net income from revenue also increased at a growth rate of 20.39%, with an increase of 386 million pounds, to record 2.278 billion pounds during the first quarter of 2025, compared to 1.892 billion pounds during the same period in 2024.

Net fees and commissions income also recorded 368,162 million pounds during the first quarter of 2025, compared to 403,786 million pounds during the first quarter of 2024.

In terms of the statement of financial position, the bank’s total asset portfolio increased at a growth rate of 1.30% and an increase of 2.359 billion pounds during the first quarter of this year, to record about 184.23 billion pounds by the end of March 2025, compared to 181.87 billion by the end of 2024.

The bank’s total portfolio of customer loans and facilities also increased at a growth rate of 1.34% and an increase of 1.002 billion pounds during the first quarter of this year, recording 75.74 billion pounds by the end of March 2025, compared to 74.74 billion by the end of 2024.

The bank’s total customer deposit portfolio recorded about 130.90 billion pounds at the end of March 2025, compared to 137.31 billion at the end of 2024.