EGBANK’s net profits grow by 67.5% during 9M-2023, reaching EGP1.05 bn

Egyptian Gulf Bank-EGBANK revealed its separate financial statements on the Egyptian Stock Exchange’s official website, showing a substantial increase in net profits by 67.5% compared to the same period in 2022.

The bank achieved a growth of 47.88% in pre-tax profits, totaling EGP1.729 bn during the same period.

Additionally, the bank’s total asset portfolio increased by 12.21%, reaching EGP97.32 bn by the end of September 2023.

Loans and facilities to customers portfolio also saw a growth of 17.04%, totaling EGP33.29 b by the end of September 2023.

Furthermore, the bank’s deposit portfolio increased by 13.25%, amounting to EGP81.23 bn by the end of September 2023.