CBE: largest 5 banks occupied 64.3% of the banking sector's net profits.
The Central Bank of Egypt revealed, in its latest quarterly report, that 5 barge banks in the Egyptian market achieved net profits of EGP 84.162 bn, 64.3% of the banking sector’s profits.
Net return of 5 banks recorded EGP 216.375 bn, net activity revenues recorded EGP 265.630 bn, and total expenses recorded EGP181.468 bn at the end of December.
CBE added that Egyptian banks achieved a net profit of EGP 130.844 bn by the end of December 2022, and a net return of 331.202 bn, while net activity revenues recorded 407.592 bn, and total expenses recorded EGP 276.748 bn by end of 2022.
