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Egypt’s second largest public bank, Banque Misr said on Tuesday its profit before income tax had surged to 40.8 billion Egyptian pounds ($1.3 billion) for the year ended on December 31, 2022.
Net profit stood at 25 billion pounds in 2022.
Total financial position grew 37.5 percent year-on-year to around 2.2 trillion pounds at the end of December 2022 from 1.6 trillion pounds at the end of December 2021.
