Cairo – Mubasher: The net profits of ALEXBANK hiked to EGP 8.17 billion in the first nine months (9M) of 2024 from EGP 4 billion in 9M-23, according to the financial results.
The lender posted net interest income amounting to EGP 13.92 billion as of 30 September 2024, higher than EGP 8.50 billion in the year-ago period.
Earnings per share (EPS) hit EGP 2.91 as of 30 September 2024, up year-on-year (YoY) from EGP 1.43.
Total assets grew to EGP 198.44 billion in 9M-24 from EGP 161.96 billion as of 31 December 2023, while the customers’ deposits hiked to EGP 155.13 billion from EGP 133.33 billion.
Financials for Q3-24
In the third quarter (Q3) of 2024, the bank’s consolidated net profits widened to EGP 3.09 billion from EGP 1.63 billion in Q3-23, while the net interest income surged to EGP 5.04 billion from EGP 3.16 billion.
Additionally, the EPS increased to EGP 1.10 in July-September 2024 from EGP 0.58 a year earlier.
During the first half (H1) of 2024, ALEXBANK registered EGP 5.08 billion in in net profit after tax, compared to EGP 2.36 billion in H1-23.
