Egypt Export Marketplace for products & services     Log in | Sign up  

Export Egypt Home
made in Egypt Egypt products
  Home  |  Products  |  Business Center  |  News   |  Events   |  My Account Follow us on Facebook
Products and vendors Services and providers Oil & Gas Software and publications

Banque Misr Achieves Profits of EGP10.4 Bln in 2017/18
Source: 4/9/2019

Banque Misr achieved net profits worth EGP 10.4 billion before tax deductions during fiscal year 2017/18 and EGP 6.3 billion after taxes.

The bank said that the total financial position hiked 12.3 percent, reaching EGP 884 billion compared to EGP 787 billion in the previous fiscal year.

The decline in profits is attributed to the bank's offering of saving vessels in Egyptian pounds with high revenue (17 and 20 percent) following the state's plan for economic reforms.

The customer deposits grew 25.7 percent, recording EGP 670 billion compared to EGP 533 billion in the previous fiscal year.

The bank dominates 18.8 percent of the Egyptian deposit market with an increase of 1.2 percent.

Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 

Export Egypt - Subscription Packages - Benefits

Copyright Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us