Egypt: Banque du Caire’s standalone profits hit $32.3mln in Q1-23 results

Reuters

In January 2023, the EGX-listed lender offered the Gold annual savings certificate with a return rate of 25% for one year

Staff Writer, Mubasher

June 1, 2023

PHOTO

The standalone net profits after tax of Banque du Caire amounted to EGP 1.03 billion in the first quarter (Q1) of 2023, higher than EGP 804.49 million in Q1-22.

Net interest income enlarged to EGP 3.94 billion during Q1-23 from EGP 2.80 billion in the year-ago period, according to the financial results.

The earnings per share (EPS) reached EGP 0.21 during the first three months (3M) of 2023, compared to EGP 0.31 in January-March 2022.

Total assets jumped to EGP 361.97 billion in Q1-23 from EGP 321.58 billion as of 31 December 2022, whereas the customers' deposits climbed to EGP 267.14 billion from EGP 250.18 billion.

In January 2023, the EGX-listed lender offered the Gold annual savings certificate with a return rate of 25% for one year.

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