Arab Finance: Banque du Caire posted a 129% year-on-year (YoY) increase in net profits for the first quarter (Q1) of 2024, recording EGP 2.4 billion, compared to EGP 1 billion, according to an emailed press release.

Net interest income surged by 61% YoY in Q1 2024 to EGP 6.4 billion from EGP 3.9 billion.

The bank’s customer deposits grew by 4% YoY to EGP 312.9 billion at the end of March 2024, versus EGP 302.1 billion at end-December 2023.

Meanwhile, total loans provided to customers and banks went up 10% to EGP 197.1 billion in Q1 2024, compared to EGP 179.8 billion at the end of 2023.

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