Mubasher TV
Contact Us Advertising   العربية

EG Bank's consolidated profits up 11% in 2021

EG Bank's consolidated profits up 11% in 2021
Photo Archive
Egyptian Gulf Bank
EGBE
-0.62% 0.32 -0.00

Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) reported an 11.27% increase in consolidated net profits to EGP 695.33 million in 2021, compared to EGP 624.88 million in 2020.

The bank's net interest income rose to EGP 2.76 billion in 2021 from EGP 2.62 billion in the earlier year, according to a bourse filing on Sunday.

The earnings per share (EPS) settled at EGP 1.43 in 2021, versus EGP 1.28 in 2020.

It is noteworthy to mention that in 2021, the bank recorded a rise in the standalone net profits to EGP 695.658 million, compared to EGP 625.232 million in 2020.