The earnings reports continue to trickle in with the National Bank of Egypt and Banque du Caire both logging strong bottomline growth in their newly released earnings statements.

NBE SEES NET INCOME RISE 146% IN 2Q-

NBE’s net income soars in 2Q 2024: The National Bank of Egypt reported a 146% y-o-y increase in net income during 2Q 2024 to EGP 44.8 bn, according to the bank’s most recent standalone financial statement (pdf).

For the half: NBE recorded a net income of EGP 70.6 bn in 1H 2024, marking a 186% y-o-y from the same period in 2023.

BANQUE DU CAIRE SEES NET INCOME INCREASE 50% IN 3Q-

Banque du Caire’s 3Q net income rises 50% y-o-y: Banque du Caire reported a net income of EGP 2.9 bn in 3Q 2024, up 50% from the same period last year, according to its most recent standalone financial statements (pdf) and accompanying press release (pdf).

For the nine months: The bank’s net income grew 90% y-o-y in 9M 2024 to reach EGP 8.6 bn, driven by robust growth across retail banking, treasury, corporate services, and SME banking. The bank’s gross loan portfolio also increased 20% y-o-y in 9M 2024 to EGP 216 bn.

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