Banque Misr bottomline down slightly in FY2020-2021

Banque Misr reported net earnings of EGP 10.71 bn in its 2021-2022 fiscal year that ended on 30 June, according to its latest financial statements (pdf). The state-owned lender’s bottomline dipped slightly from EGP 11.05 bn in its previous fiscal year, which ran between July 2019 and July 2020. The bank’s net interest income, meanwhile, grew to EGP 32.87  bn in its last fiscal year from EGP 28.62 bn a year earlier.

CORRECTION ON 19 OCTOBER-

An earlier version of this story incorrectly said the bank's net interest income stood at EGP 121.14 bn, up from EGP 112.17 bn.