Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) achieved a consolidated net profit of EGP 320.2 million in the first half (H1) of 2021, higher by 5% than EGP 304.74 million in H1-20, including minority rights.

Net interest income decreased to EGP 1.331 billion in the January-June 2021 period from EGP 1.338 billion in the same six months last year, according to a bourse filing on Wednesday.

As for the standalone income statements, EG Bank registered higher profits at EGP 333.95 million in H1-21, compared to EGP 317.03 million in H1-20.

In the first quarter (Q1) of 2021, the Egyptian lender achieved standalone net profits of EGP 159.57 million.