2024 Q1: Egyptian banks' net profits reach EGP 289.409B with NBE achieving EGP 70.7B net profits and total assets of EGP 5.2T.

In H1 2024, banks in Egypt reported net profits of EGP 289.409 billion, with net interest income at EGP 425.067 billion. The National Bank of Egypt (NBE) achieved pre-tax profits of EGP 126 billion and net profits of EGP 70.7 billion for the fiscal year ending December 31, 2023. NBE's total assets grew to EGP 5.2 trillion, and customer deposits increased to EGP 3.7 trillion, reflecting strong growth in the banking sector.

September 21, 2024
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