Cairo – Mubasher: The consolidated net profits of Al Baraka Bank-Egypt declined to EGP 1.13 billion in 2021, compared to EGP 1.26 billion in the earlier year, including minority shareholders' rights.
The bank's net interest income increased to EGP 2.76 billion in 2021 from EGP 2.46 billion in the earlier year, according to a bourse filing on Thursday.
As for standalone businesses, the bank's net profits declined to EGP 1.13 billion in 2021 from EGP 1.25 billion in 2020.
It is noteworthy to mention that in the first nine months (9M) of 2021, the bank posted net profits of EGP 1.02 billion, down by 8.9% year-on-year (YoY) from EGP 1.12 billion, including minority shareholders' rights.
