CBE’s net profits grow by 8.2%, recording EGP 45.5 bn At August 2024
First Bank
The statement of financial position for the Central Bank of Egypt, ending on August 31, 2024, reveled revealed a 8.15% growth in its net profits last month, to record EGP 45.486 bn in August 2024, compared to EGP 42.059 bn in July 2024.
CBE’s total assets grew by 24.74% during the first 8 month of this year, reaching EGP 6.03 tn by the end of August 2024, compared to EGP 4.83 tn by the end of December 2023.
Gold reserves increased by 91.48% During the first 8 months of the current year, reaching EGP 498.23 bn by the end of August 2024, compared to EGP 515.9 bn by the end of December 2023.
Regarding the contributions of CBE in the capital of international financial corporates, its contributions amounting to EGP 26.21 bn at the end of August 2024 compared to EGP 21.80 bn by the end of December 2023.
In addition, CBE’s total reserves rose by 8.39% during the first 8 months of 2024, totaling around EGP 402.35 bn by the end of June 2024, compared to EGP 371.2 bn by the end of December 2023.
