Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) consolidated financial statements showed a slight increase in net profit during the first quarter of 2019.

The bank’s net profit went up to EGP 147.18 million in Q1-19 versus EGP 146.5 million a year earlier, according to a bourse statement released on Thursday.

Net income recorded EGP 453.85 billion from January to the end of March, compared to EGP 436 billion in the year-ago period.

According to the Egypt-listed bank’s standalone statements, EG Bank recorded a net profit of EGP 148.2 million in the first quarter of 2019, up 0.2% year-on-year from EGP 147.88 million.