Cairo – Mubasher: The consolidated net profits after tax of the Export Development Bank of Egypt (EBE) reached EGP 1.25 billion in the first half (H1) of 2023, an annual hike from EGP 612.94 million, including non-controlling equity.
The net interest income enlarged to EGP 2.40 billion in H1-23 from EGP 1.25 billion in H1-22, according to the interim consolidated financial results.
Total assets amounted to EGP 108.19 billion as of 30 June 2023, while the clients’ deposits reached EGP 83.83 billion.
Standalone Business
The lender logged standalone net profits after tax valued at EGP 1.20 billion in the first six months (6M) of 2023, up year-on-year (YoY) from EGP 605.52 million.
Non-consolidated net interest income climbed to EGP 2.33 billion in the January-June 2023 period from EGP 1.22 billion a year earlier.
The earnings per share (EPS) hit EGP 1.94 in H1-23, versus EGP 1.63 in the year-ago period.
Financials for Q2-23
EBE posted a YoY jump in consolidated net profit after tax to EGP 693.84 million during the second quarter (Q2) of 2023, compared to EGP 320.05 million, including minority interest.
The net interest income surged to EGP 1.24 billion in Q2-23 from EGP 697.81 million in Q2-22.
Regarding the standalone financials, the net profits soared to EGP 698.30 million in April-June 2023 from EGP 317.13 million, whereas the net interest income widened to EGP 1.24 billion from EGP 705.84 million.
Meanwhile, the EPS went up to EGP 1.13 from EGP 0.85.
During the January-March 2023 period, EBE witnessed higher consolidated net profits after tax at EGP 563.87 million, compared to EGP 301.89 million in Q1-22, including minority interest.
