Arab Finance: Banque Misr recorded EGP 25 billion in net profits after tax in 2022, as per an emailed press release.
The financial position of the bank stood at EGP 2.2 trillion last year, compared to EGP 1.6 trillion a year earlier, with a 37.5% growth rate.
The bank’s total direct loans went up 16.2% year on year (YoY) in 2022 to EGP 686.3 billion from EGP 590.6 billion in the prior year.
Customers’ deposits registered a 41.7% annual surge last year, reaching EGP 1.7 trillion from EGP 1.2 trillion in 2021.
The lender’s retail portfolio rose 16.2% YoY, whereas the number of issued payment cards amounted to 14.8 million.