NBE posts profit before taxes of 13 bln pounds in H1 of FY2017/18

Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) recorded profits before taxes of 13.214 billion Egyptian pounds during the first 6 months of the financial year 2017/2018.

The amount is compared to 10.475 billion Egyptian pounds during the same period in the financial year 2016/2017 with an increase of 3 billio Egyptian pounds.

Source told Amwal Al Ghad that the National Bank of Egypt (NBE) recorded net profits of 7.782 billion Egyptian pounds during the first 6 half of the financial year 2017/2018.

The bank has succeeded in achieving total profits after taxes of 22.525 billion Egyptian pounds during the FY of 2016/2017