EBank's net profits grow by 93% during H1-2024, reaching EGP 2.3 bn

The Separate financial statements of EBank revealed an increase in the bank’s net profit with a growth rate of 93% during the first Half of the current year, reaching EGP 2.317 bn during H1-2024, compared to EGP 1.200bn during the same period of 2023, achieving an increase of EGP1.116bn.

The bank's pre-tax profit surged by approximately 85.1%, reaching EGP 3.285 bn in H1-2024, compared to EGP 1.775 bn in H1-2023, with an increase of EGP 1.510 bn.

At the level of the bank's financial position, the bank's total deposits portfolio jumped from EGP 86.9 bn at the end of 2023 to reach EGP 123 bn at the end of June 2024, with a growth rate of 41.5%, an increase of EGP 36.05 bn.

The bank's total assets increased by 35.3%, with a value increase of EGP 41.2 bn during H1-2024, reaching EGP 158bn by the end of June 2024, compared to EGP 116.8  bn by the end of December 2023.

 Additionally, the bank increased its customer loans by EGP 8.1 bn, as the total loan and customer facilitation portfolio grew by 14.8% during the first Half of the current year, recording EGP 62.7  bn by the end of June 2024, compared to EGP 54.6 bn by the end of December 2023.