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Arab Finance – 81% growth in Egyptian Gulf profits by the end of September 2024


81% growth in Egyptian Gulf profits by the end of September 2024

Arab Finance: Company announced Egyptian Gulf Bank (EGBE).), announced the results of its consolidated and unconsolidated operations for the period ending on 09/30/2024, which showed achieving a net profit assembly It amounted to 1.919 billion pounds, compared to a combined net profit of 1.062 billion pounds for the same period of the previous year, a growth rate of 81%.

The results for the period ending on 09/30/2024 also showed an independent net profit of 1.930 billion pounds, compared to an independent net profit of 1.046 billion pounds for the same period of the previous year, with a growth rate of 85%.

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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