Arab Finance: Banque Misr achieved a significant increase in net profit for the full year ended December 31st, 2023, reaching EGP 52.9 billion, as per a statement.

The bank's total profit before taxes stood at EGP 80.9 billion last year, including EGP 28 billion allocated for taxes.

The bank's financial position stood at EGP 2.6 trillion end-December 2023, growing by 14.9% from EGP 2.2 trillion in 2022.

Loans provided to customers surged by 32.9% to EGP 911.9 billion last year, up from EGP 686.3 billion a year earlier.

This increase was driven by a 20.9% rise in individual loans and a 36.6% jump in corporate loans.

Meanwhile, customer deposits grew by 8.6%, totaling EGP 1.9 trillion in 2023, compared to EGP 1.7 trillion at the end of 2022.

Additionally, Banque Misr received 90 awards and accolades from major international institutions in 2023.

Cleopatra Hospital records nearly EGP 532.4M consolidated profits in 9 months Updated 12/8/2024 10:59:00 AM

Banque Misr launches Egypt’s 1st digital property auction in collaboration with Belmazad Updated 12/3/2024 11:04:00 AM

Edita’s consolidated profit inch down 0.89% YoY in 9 months Updated 11/26/2024 11:02:00 AM

FABMISR reports 160% YoY net profit growth in Q3 Updated 11/25/2024 3:48:00 PM

Maridive’s consolidated profits plunge 42.53% YoY in 9 months Updated 11/24/2024 10:52:00 AM