Banque du Caire logs net profit

This reflected a growth rate of 20% in Q1

  

ArabFinance: Banque du Caire reported a net profit of EGP 1 billion during the first quarter (Q1) of 2021, according to the bank’s statement.

This reflected a growth rate of 20% in Q1 2021 compared to the EGP 800 million recorded during Q1 2020, driven by the rise in net income from the return to EGP 2.5 billion in Q1 2021.

The bank achieved a return on average equity at a rate of 23.3%, and a return on average assets of 1.9% during the first three months of 2021.

Total loan portfolio for customers and banks of the Cairo-based bank increased by about EGP 1 billion to EGP 93.5billion by the end of March 2021.

The credit portfolio of major companies and banks increased to about EGP 43.7bn by the end of Q1 of 2021.

The bank’s small- and medium-sized enterprise (SME) portfolio rose to EGP 9 billion at the end of March 2021.

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