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Ebank’s consolidated profit hikes 145.5% YoY in Q1

Ebank’s consolidated profit hikes 145.5% YoY in Q1

ArabFinance: Export Development Bank of Egypt (EBank) (EXPA) reported a 145.5% year-on-year (YoY) growth in consolidated net profit attributable to the bank for the first quarter (Q1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 15th.

Consolidated net profit excluding minority interest amounted to EGP 300.76 million in Q1 2022, compared to a profit of EGP 122.48 million in Q1 2021.

Meanwhile, the bank recorded a standalone net profit after tax of EGP 288.38 million in the three-month period ended March 31, up from EGP 103.04 million in the same quarter of 2021, according to the standalone financial statement.

EBank is an EGX-listed bank that offers banking and financial services, which encourage the export activities of the agricultural, industrial, commercial, and services sectors.

 

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