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EGP 20.89bn in net profit in Egyptian market in June: CBE - Daily News Egypt

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EGP 20.89bn in net profit in Egyptian market in June: CBE

Report shows results of different local and international operations throughout banks


Banks achieved net profit of EGP 20.89bn in the Egyptian market in June 2015, according to the Central Bank of Egypt (CBE).

CBE stated in a recent report that banks achieved ​​a net return on its activity that amounted to EGP 46.61bn by the end of June 2015 and the net revenues reached EGP 64.77bn, while total expenses amounted to EGP 43.89bn.

According to CBE, the total of capital operating in the Egyptian market amounted to about EGP 92.55bn, while total bank allocations reached EGP 66.049bn and total reserves reached EGP 50.08bn.

Bonds and long-term loans at banks operating in the Egyptian market amounted to about EGP 34.45bn and total deposits reached about EGP 1.73tr, according to CBE.

According to the report, the total dues of banks towards each other in Egypt amounted to EGP 20.76bn while their dues towards banks abroad reached about EGP 30.15bn.

CBE’s figures indicate that banks investments in securities and treasury bills amounted to about EGP 1.02tr in June and some banks balances with each other reached about EGP 240.34bn, while their balances in banks abroad reached EGP 54.83bn.

The total volume of cash at banks amounted to about EGP 27.38bn.

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https://ww.dailynewssegypt.com/2015/10/25/egp-20-89bn-in-net-profit-in-egyptian-market-in-june-cbe/
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