Cairo – Mubasher: Al Baraka Bank – Egypt reported consolidated net profits of EGP 1.126 billion in the first nine months of 2020, up by 30.4% year-on-year (YoY) from EGP 863.64 million, including minority shareholders’ rights.

The bank’s net interest income rose to EGP 1.857 billion in the January-September period from EGP 1.466 billion in the corresponding period a year earlier, according to a bourse disclosure on Wednesday.

As for standalone business, the lender posted net profits of EGP 1.120 billion, up from EGP 863.64 million in the year-ago period.

During the first half (H1) of 2020, Al Baraka Bank - Egypt logged EGP 543.67 million in net profits, up from EGP 537.6 million in H1-19.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.