(MENAFN- Daily News Egypt) The Central Bank of Egypt (CBE) announced that banks operating in the Egyptian market achieved net profits of approximately EGP 212 in the first 9 months of 2023 (9M 2023). According to the CBE's report released on Monday, banks' net revenue reached EGP 411 at the end of September 2023, while net activity revenue amounted to EGP 486. These leading banks include the National Bank of Egypt (NBE), Commercial International Bank (CIB), Banque du Caire, QNB Al Ahly, Credit Agricole – Egypt, Faisal Islamic Bank of Egypt, and Housing and Development Bank. The report further reveals that the net revenue of the top ten banks during Q3 2023 reached EGP 315, with net activity revenue at EGP 369 and total expenses at EGP 209. Similarly, the five largest banks reported net revenue of EGP 265 and net activity revenue of EGP 308 at the end of September, while their total expenses amounted to EGP 178.
