National Bank of Egypt pre-tax profits hit EGP 66 billion in 18 months

The National Bank of Egypt (NBE), the country’s biggest state-run lender, has announced on Wednesday its pre-tax profits had reached 66 billion Egyptian pounds ($3.5 billion) in 18 months.

Net profit after tax has stood at 293.7 billion pounds.

The bank’s financial position has recorded 3.6 trillion pounds at the end of June 2022, from 3 trillion pounds as of December 2021, and 2 trillion pounds.

Customers’ deposits have increased to 2.8 trillion pounds as of June 2022, from 2.4 trillion pounds in December 2021.