Egypt’s central bank says net profit hit EGP 14.5 billion at August-end

Egypt’s central bank has posted a net profit of 14.538 billion Egyptian pounds ($470.5 million) in August, from 14.155 billion pounds in July, its financial statements showed on Monday.

Reserves reached 371.302 billion pounds, while capital stood at 21.600 billion pounds.

Total assets jumped to 4.764 trillion pounds at the end of August from 4.561 trillion pounds at the end of July.

The report also revealed that the Central Bank of Egypt’s (CBE) investments in the capital of international finance institutions were almost 20.257 billion pounds. CBE’s investments in the capital of subsidiaries and associates remained with no change at 45.111 billion pounds.