The business returns of Banque du Caire have shown an increase in the bank’s profits in the first nine months of 2018 (9M18) before tax deduction, reaching EGP 3.2bn compared to EGP 2.3bn last year. Net profits have increased to EGP 2bn after taxes, compared to the previous EGP 1.3bn. According to the bank’s Chairperson, Tarek Fayed, the net income by Q3 of the fiscal year of 2018 reached EGP 4.6bn compared to EGP 3.5bn with a 29% increase. The net income reached EGP 780m compared to EGP 630m, with a 24% increase. It also targets to take the number of its ATMs to 1,000 by the end of 2018,” Fayed announced.

Source: Daily News Egypt December 09, 2018 07:07 UTC