Banque du Caire’s profits surge 57% YoY in Q3

Updated 12/25/2023 11:06:00 AM
Banque du Caire’s profits surge 57% YoY in Q3

Arab Finance: Banque du Caire posted a 57% year-on-year increase in net profits after tax in the third quarter (Q3) of 2023, according to an emailed press release.

Net profits after tax registered over EGP 4.5 billion in Q3 2023, compared to EGP 2.9 billion in Q3 2022.

Net interest income saw a 35% annual surge to EGP 12.4 billion in Q3 of the current year, up from EGP 9.2 billion.

The bank’s customer deposits rose 10% YoY to EGP 274.5 billion in the three months to September 30th, versus EGP 250.2 billion end-December 2022.

Meanwhile, total loans provided to customers and banks went up 22% to EGP 170.8 billion in Q3 2023, compared to EGP 140.5 billion in 2022.

 

 

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