Net profits amounted to EGP 1.753bn in the nine months ending on September 30, 2022, an increase of 22.2%, due to the growth of operating revenues by 32.8% to record EGP 4.379bn. Ghanem added that the loan and deposit portfolio witnessed a strong growth during the nine months ending on September 30, 2022, as total loans amounted to EGP 34.282bn, a growth rate of 27.3%. Corporate loans achieved a growth of 33.6%, and retail loans achieved a growth of 23.2% compared to the period ended on 31 December 2021. He pointed out that the total deposits amounted to EGP 87.245bn, with a growth rate of 38.7%, as the growth rate in corporate deposits reached 47.4%, and retail deposits achieved a growth rate of 23%. The bank also achieved a growth of 34.2% in total assets compared to the period ended 31 December 2021.

Source: Daily News Egypt November 16, 2022 06:29 UTC