EBank’s consolidated profits jump 54% YoY in 2024

Updated 2/23/2025 11:48:00 AM
EBank’s consolidated profits jump 54% YoY in 2024

Arab Finance: Export Development Bank of Egypt (EBank) posted net profits attributable to the shareholders valued at EGP 5.203 billion in 2024, an annual surge of 54.15% from EGP 3.375 billion, the consolidated financial results showed.

Net interest income climbed to EGP 8.689 billion last year from EGP 5.719 billion in 2023.

Total assets increased to EGP 184.260 billion at the end of December 2024 from EGP 118.427 billion a year earlier, while the customers’ deposits jumped to EGP 136.995 billion from EGP 86.707 billion.

As for the standalone financials, the net profits after tax hiked to EGP 5.176 billion in 2024 from EGP 3.120 billion in 2023, whereas the earnings per share (EPS) rose to EGP 4.52 from EGP 4.32.

Non-consolidated net interest income widened to EGP 8.319 billion from EGP 5.419 billion.

In the first nine months of 2024, the lender’s consolidated profits excluding minority interest soared by 81% year-on-year (YoY) to EGP 1.919 billion from EGP 1.063 billion.

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