EBank's Net Profits grow by 154%, recording EGP 3.12 bn during 2023
First Bank
The separate financial statements of EBank, ending on December 31 of the last year and released on the bank's official website recently, revealed an increase in its net profits by 154% during the last year, reaching EGP 3.120 bn during 2023, compared to EGP 1.229 bn during 2022, achieving an increase of EGP1.892 bn.
The bank's pre-tax profit also witnessed a growth of 126%, amounting to an increase of EGP 2.469 bn during the last year, recording EGP 4.432 bn during 2023, compared to EGP 1.963 during 2022.
Total customer loans increased by 22%, amounting to EGP 54.6 bn by end of 2023 compared to EGP 44.8 bn by the end of December 2022. an increase of EGP 9.8 bn.
The bank's total asset portfolio jumped from EGP 96.8 bn at the end of 2022 to EGP 116.8 bn at the end of 2023, with a growth rate of 21% over the past year, an increase of EGP 20 bn.
The bank’s total deposits grew by a rate of 19.3%, an increase of EGP 14.1 bn by 2023 End, reaching EGP 86.9bn by the end of December 2023, compared to EGP 72.8 bn by the end of 2022.
