E Bank’s net profit jumps by 74.01%, records EGP 501.8 mn At Q1-2023

The Separate Financial Statements of Export Development Bank of Egypt, which ended on March 31, 2023, revealed an increase in the bank’s net profit, with a growth rate of 74.01%, to record EGP 501.799 mn during the first quarter of 2023, compared to EGP288.381mn during the same period of 2022، an increase of EGP 213.418 mn.

E Bank’s pre-taxes profits increased to reach EGP 793.834 mn during the first quarter of 2023 compared EGP 431.402mn during the same quarter of 2022, achieving a growth rate of 84.01%.

Total loans and facilities to customers increased by a growth rate of 17.55% during the first quarter 2023, with an increase of EGP 7.867 bn, to reach EGP 52.685 bn at the end of March 2023, compared to EGP 44.818 bn at the end of December 2022.

Moreover, The bank’s total deposit portfolio increased by a growth rate of 10.25% during the first quarter of this year, after the bank was able to increase its deposits by EGP 7.469 bn, to record EGP 80.353 bn at the end of March 2023, compared to EGP 72.854 bn at the end of December 2022.

The bank’s Total assets rose by 7.18% during the first quarter of this year, to record EGP 103.666 bn at the end of March 2023, compared to EGP 96.724 bn at the end of December 2022.