Cairo – Mubasher: The National Bank of Egypt (NBE) reported a 100% growth in its net profits after taxes to EGP 20.2 billion for fiscal year 2018/2019, compared to EGP 10.1 billion a year earlier.

The bank’s financial position also rose to EGP 1.6 trillion at the end of last June, compared to EGP 1.5 billion at the end of June 2018, according to a recent statement.

At the end of March 2020, the state-owned bank’s small- and medium-sized enterprise (SME) funding portfolio increased to EGP 65 billion from EGP 58 billion in June 2019.

Meanwhile, the bank’s loan portfolio grew by EGP 100 billion to EGP 637 billion at the end of last March, compared to EGP 542 billion at the end of June 2019.