Alex Bank's net profit grows by 3.61%, records EGP 2.85 bn in 2022

Alex Bank revealed its latest financial statements at the end of December 2022, the bank's net profit jumped at a growth rate of 3.61%, to record EGP 2.849 bn in 2022, compared to EGP 2.750 bn in 2021

Total loans and facilities to customers increased by 9.98% over the past year, to reach EGP59.6bn at the end of December 2022, compared to EGP54.2bn at the end of 2021, with an increase value of EGP5.409bn

Total deposit portfolio jumped at a growth rate of 15.65% over the past year, to record EGP 110.7 bn at the end of December 2022, compared to EGP 95.7 bn at the end of December 2021, with an increase of EGP 15 bn

The bank's total asset portfolio also jumped to reach EGP 133.1 bn at the end of December 2022, compared to EGP114.9bn at the end of December 2021,with a growth rate of 15.80%, and an increase of EGP18.2 bn.