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Egypt’s second biggest bank, state-owned Banque Misr has reported record net profits during the financial year 2015-2016, sources with knowledge told Amwal Al Ghad on Sunday.
The bank made net profits of 5.5 billion Egyptian pounds ($316.4 million), up 31 percent on financial year 2014-2015, the sources added.
Banque Misr’s shareholders will meet soon to review and endorse the bank’s financial statements, the sources said.
