Egyptian banks' net profits jumped 18% y-o-y to EGP 83.1 bn by the end of 2019, theCentral Bank of Egypt said in a report (pdf). Revenues reached EGP 154.95 bn at the end of 2019, up 17.5% from EGP 131.9 bn in 2018. The country’s five biggest banks accounted for EGP 41.67 bn of the sector’s total net profit, according to another report (pdf).
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