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Al Baraka Bank-Egypt targets EGP 1.41bn profits in 2022

Al Baraka Bank-Egypt targets EGP 1.41bn profits in 2022
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Al Baraka Bank
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Cairo – Mubasher: Al Baraka Bank-Egypt plans to achieve net profits of EGP 1.41 billion in 2022, as part of its budget plan, according to a bourse filing on Monday.

The bank will also target EGP 8.04 billion in revenues in 2022.

It is noteworthy to mention that during the first nine months (9M) of 2021, the bank posted net profits of EGP 1.02 billion, down by 8.9% year-on-year (YoY) from EGP 1.12 billion, including minority shareholders' rights.