Arab Finance: Board of Directors approved Egyptian Gulf Bank (EGBE).), held on 10/2/2024, the estimated budget for the year 2025, with a target net profit growth of 20% over the expected net profit for the year 2024, according to For a statement Egyptian Stock Exchange.
On its consolidated and unconsolidated business results for the period ending on 06/30/2024, it showed achieving a net profit. assembly It amounted to 1.296 billion pounds, compared to a combined net profit of 672.257 million pounds for the same period of the previous year.
The results for the period ending on 06/30/2024 also showed a net profit independent It amounted to 1.233 billion pounds, compared to an independent net profit of 656.948 million pounds for the same period of the previous year.
The Egyptian Gulf Bank (an Egyptian joint stock company) was established pursuant to Ministerial Resolution No. 296 on October 14, 1981. The bank provides institutional, retail and investment banking services in the Arab Republic of Egypt through its main center. The bank followed an expansion strategy through cooperation in projects with market leaders in various sectors. All of this was reflected in adding value to the Egyptian market.
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