Cairo - Mubasher: Egyptian Gulf Bank (EG Bank) recorded a block trading agreement standing at EGP 20.96 million on 24 August 2023.
The Egyptian Exchange (EGX) announced in a recent bourse statement that the block deal was executed on 1.88 million of the bank’s shares.
In the first half (H1) of 2023, EG Bank posted higher consolidated net profits attributable to the owners at EGP 672.25 million, compared to EGP 406.63 million in H1-22.
Net interest income hiked to EGP 1.76 billion in H1-23 from EGP 1.36 billion a year earlier, while the basic earnings per share (EPS) increased to EGP 1.13 from EGP 0.72.
During the January-June 2023 period, the EGX-listed lender witnessed an annual rise in standalone net profit after tax to EGP 656.94 million from EGP 409.46 million.
