The separate financial statements of Qatar National Bank (QNB) released today on the Egyptian Stock Exchange website revealed a significant increase in the bank's net profits, with a growth rate of 62% during the first Half of the current year.

The bank recorded EGP 13.30 bn in net profits during the first half of 2024, compared to EGP 8.21 bn during the same period in 2023, reflecting an increase of EGP 5.09bn.

Pre-tax profit in the bank also soared by 66.6%, reaching EGP 20.01 bn during the first half of 2024, compared to EGP 12.01 bn during the first half of 2023, marking an increase of EGP 8 bn.

Furthermore, the bank succeeded in increasing the total portfolio of customer deposits by EGP 106.4 bn, growing at a rate of 20.1% during the first half of the current year, amounting to EGP 636.5 bn by the end of June 2024, compared to EGP 530.1 bn by the end of December 2023.

Additionally, the bank extended more credit to its customers, as total portfolio of loans and facilities granted to customers increased by 20.1%, with a growth of EGP 53.9 bn during the first half of the current year. To record EGP 322.5 bn by the end of June 2024, compared to EGP 268.6 bn by the end of December 2023.