Ebank’s net profit jumps by 98.2% during H1-2023, recording EGP 1.2 bn

The separate financial statements of Export Development Bank of Egypt, ending on June 30 of the current year, revealed an increase in the bank’s net profit by 134.5%, reaching EGP 1.200 bn during the first half of 2023, compared to EGP 605.5 mn during the same period in 2022, achieving an increase of EGP 594.6 bn.

Pre-tax profit soared by 98.28%, reaching EGP 1.775 bn during the first half of 2023, compared to EGP 895.1 mn during the first half of 2022.

The bank's total assets witnessed a growth rate of 10.40%, during the first half of the current year, reaching EGP 106.8 bn by the end of June 2023, compared to EGP 96.7 bn by the end of December 2022.