Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) registered EGP 621.48 million in consolidated net profits during the first nine months (9M) of 2022, a year-on-year (YoY) increase of 23% from EGP 505 million, including minority shareholders’ rights.  

Basic earnings per share (EPS) amounted to EGP 1.20 during the nine-month period ended 30 September 2022, compared to EGP 0.98 in the year-ago period, according to the bank’s unaudited financial results.

Interest income during the January-September 2022 period rose by 4% on a yearly basis to EGP 5.92 billion, compared to EGP 5.68 billion.

As for the standalone financials, the bank’s net profits soared by 23% in 9M-22 to reach EGP 624.61 million, compared to EGP 507.01 million in 9M-21. Basic EPS stood at EGP 1.20 in the January-September 2022 period, up 22% YoY from EGP 0.98.

In the first half (H1) of 2022, the consolidated net profits of EG Bank grew by 27% YoY to EGP 406.63 million, compared to EGP 320.20 million.

As regards the standalone business, EG Bank recorded a 23% YoY increase in its standalone net profits to EGP 409.46 million in H1-22, from EGP 333.95 million.