ALEXBANK’s net profit leaps 78% YoY in Q1-24

The bank’s operating income soared 61.74% YoY to EGP 4.5 billion in Q1-24, according to a press release

Staff Writer, Mubasher

May 15, 2024

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ALEXBANK reported a 78.18% year-on-year (YoY) surge in net profit to EGP 2.10 billion in the first quarter (Q1) of 2024.

The bank’s operating income soared 61.74% YoY to EGP 4.5 billion in Q1-24, according to a press release.

Customer deposits increased by 7.50% year-to-date (YTD) to EGP 143.30 billion at the end of March 2024.

Furthermore, total assets grew by 8.26% YTD to EGP 175.30 billion.

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