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EG Bank’s consolidated profit rises 10% YoY in 9M/19

EG Bank’s consolidated profit rises 10% YoY in 9M/19
Net profit increased to EGP 166.32m in Q3-19
Egyptian Gulf Bank
EGBE
-100.00% 0.41 -0.43

Cairo – MubasherEgyptian Gulf Bank (EG Bank) has reported a 9.9% year-on-year increase in consolidated profit during the first nine months of 2019.

Net profit grew to EGP 458.1 million from January to September 2019, compared to EGP 416.47 million in the year-ago period, according to a bourse statement.

Quarterly, EG Bank’s net profit increased by 12% YoY to EGP 166.32 million in the third quarter of 2019.

In October, the bank’s unaudited financial results showed a 5% YoY profit growth in the nine-month period ended 30 September.