The lender’s net operating profit amounted to EGP 316 million in the January-March period, a 50% increase from EGP 212 million in the year-ago period, according to a statement on Monday.
The bank’s gross customer deposits and loans rose by 2% YoY to EGP 28.7 billion and EGP 19.9 billion in Q1-20, respectively.
Despite the ecnonomic disruption caused by the coronavirus (COVID-19) outbreak, “ABK-Egypt has achieved a robust start to 2020, and continues to grow on all key parameters,” CEO and managing director of ABK-Egypt, Khaled El Salawy, said.
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).