CBE turns profitable in FY2023/24

Updated 8/28/2024 9:33:00 AM
CBE turns profitable in FY2023/24

Arab Finance: The Central Bank of Egypt (CBE) recorded net profits of EGP 22.834 billion in the fiscal year (FY) 2023/2024, compared to losses of EGP 86.28 billion a FY earlier, Asharq Business reported, citing data by the bank.

This marks the CBE’s turning to profits for the first time since FY 2016/2017.

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