EBank's net profits grow by 106% during Q1-2024, reaching EGP 1.03 bn

Separate financial statements revealed a significant increase in net profits, recording EGP 1.031 bn during Q1-2024, compared to EGP 501.8 mn in Q1-2023, reflecting a growth of EGP 529.4 mn.  

The bank's pre-tax profit surged by approximately 83.1%, reaching EGP 1.45 bn in Q1-2024, compared to EGP 798.3 mn in Q1-2023, with an increase of EGP 659.8 mn.  

The bank increased its customer loans by EGP 8.76 bn, as the total loan and customer facilitation portfolio grew by 16% during past year, recording EGP 63.4  bn by the end of March 2024, compared to EGP 54.6 bn by the end of December 2023.  

The bank successfully raised the total customer deposit portfolio by EGP 21 billion, growing at a rate of 24.1% during Q1-2024, reaching EGP 107.9 bn by the end of March 2024, compared to EGP 86.9 bn by the end of December 2023.  

Additionally, the bank's total assets increased by 20.3%, with a value increase of EGP 23.7 bn during Q1-2024, reaching EGP 140.5bn by the end of March 2024, compared to EGP 116.8  bn by the end of December 2023.