Arab Finance: announced bNick Al Baraka Egypt (SAUD),, announced the results of its business during the period from 01/01/2024 to 09/30/2024, which showed achieving a net profit. assembly It amounted to 2.219 billion pounds, compared to the bank achieving a net profit of 1.604 billion during the period from 01/01/2023 to 09/30/2023.
In the same context, the bank achieved a net profit independent For the period from 01/01/2024 to 09/30/2024, it was estimated at about 2.225 billion pounds, compared to a net profit of 1.607 billion pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The results of its business during the period from 01/01/2024 to 06/30/2024 showed achieving a net profit. assembly It amounted to 1.331 billion pounds, compared to the bank achieving a net profit of 1.019 billion pounds during the period from 01/01/2023 to 06/30/2023.
In the same context, the bank achieved a net profit independent For the period from 01/01/2024 to 06/30/2024, it was estimated at about 1.336 billion pounds, compared to a net profit of 1.020 billion pounds, during the comparative period of the previous fiscal year.
The bank was established in 1980 under the name of Al-Ahram Bank, then it turned into the Egyptian Saudi Finance Bank, then to Al Baraka Bank Egypt. Currently, Al Baraka Banking Group and its units provide banking services to individuals and companies, and treasury and investment solutions, all of which operate in accordance with the principles of Islamic “Sharia”. During its successful journey for more than 20 years in the banking sector, Al Baraka Bank, as a leading Islamic institution, was able, within several years, to provide distinctive and diverse banking services and products that suit all categories and segments of society, all of which are compatible with Sharia provisions (deposits – certificates – instruments).
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