Cairo – Mubasher: Al Baraka Bank – Egypt reported a 34.83% year-on-year growth in its non-consolidated profits during the first quarter of 2019.

The bank’s net profits amounted to EGP 266.28 million in the January-March period of 2019, compared to EGP 197.49 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX) on Wednesday.

Year-on-year, net income from fees and commission levelled up to EGP 75.7 million from EGP 69.93 million in Q1-18.

For the full-year 2018, Al Baraka Bank – Egypt’s net profits logged EGP 1.003 billion, compared to EGP 725.25 million in the previous year.