Arab Finance: The United Bank recorded consolidated net profits after tax worth EGP 2.833 billion in 2024, marking an annual rise of 63% from EGP 1.742 billion, the financial indicators showed.
Net interest income hiked by 31% year-on-year (YoY) to EGP 13 billion in 2024 from EGP 9.949 billion.
Basic earnings per share (EPS) recorded EGP 2.27 last year, higher by 62% than EGP 1.40 in 2023.
As for the standalone business, the net profits after tax increased by 60% YoY to EGP 2.731 billion in 2024 from EGP 1.702 billion, while the basic EPS jumped to EGP 2.19 from EGP 1.37.
Non-consolidated net interest amounted to EGP 12.561 billion at the end of December 2024, up 31% from EGP 9.562 billion.
In the first nine months of 2024, United Bank registered 77% YoY higher consolidated net profits after tax at EGP 1.991 billion, compared with EGP 1.128 billion.