Cairo – Mubasher: Export Development Bank of Egypt (EBE) plans to achieve net profits after tax valued at EGP 3.65 billion in 2024, higher by 19% than EGP 3.07 billion in 2023.
The bank also aims to generate total revenues amounting to EGP 9.32 billion next year, up 29% from EGP 7.21 billion as of 31 December 2023, according to the lender’s annual budget for 2024.
EBE seeks to register a 16% year-on-year (YoY) rise in total assets to EGP 135.18 billion during the January-December 2024 period, compared to EGP 116.26 billion. Meanwhile, the customers’ deposits are expected to surge by 11% to EGP 102.61 billion from EGP 92.05 billion.
In the first nine months (9M) of 2023, the EGX-listed bank recorded higher consolidated net profits after tax at EGP 2.29 billion, versus EGP 993.53 million in the year-ago period.
Non-consolidated net profits after tax hiked to EGP 2.15 billion in 9M-23 from EGP 943.66 million in 9M-22.
