Banking sector pulls in USD 15 bn since EGP float

Five banks raked in 43% of the banking system’s EGP 53.1 bn in profits last year, according to a CBE report that’s making the rounds in the local press. DNE suggests these include the National Bank of Egypt, Banque du Caire, CIB and QNB Al Ahly. The news came as an unnamed “top banking official” told Al Borsa yesterday that the banking sector has pulled in USD 15 bn since the EGP was floated last November.