EG Bank’s consolidated profits hit EGP 624.8M in 2021

Updated 2/20/2022 10:16:10 AM

ArabFinanceEgyptian Gulf Bank’s (EG Bank) (EGBE) financial results showed an increase in consolidated profits during the full year 2021, according to the bank’s consolidated financial statement filed to the Egyptian Exchange (EGX) on Sunday.

The bank’s consolidated profits excluding minority interest grew to EGP 695.336 million in 2021, from EGP 624.882 million in 2020.

It is worth noting that EG Bank posted a standalone net profit of EGP 695.65 million for the full-year ended December 31st 2021.

EG Bank is engaged in the provision of corporate, retail, and investment banking services through a network of 16 branches located across Egypt.