Al Baraka Bank-Egypt's H1 profit grows 12.5%

Cairo – MubasherAl Baraka Bank-Egypt achieved net profits of EGP 611.88 million in the first six months of 2021, a 12.5% year-on-year (YoY) increase from EGP 543.67 million, including minority shareholders' rights. 

The bank's net interest income grew to EGP 1.35 billion in the first half (H1) of 2021 from EGP 1.18 billion in H1-20, according to a bourse disclosure on Wednesday. 

The standalone net profits rose to EGP 620.62 million in the January-June period, compared to EGP 540.66 million in the corresponding period a year earlier. 

In the first quarter (Q1) of 2021, Al Baraka Bank-Egypt posted consolidated net profits of EGP 269.32 million, slightly up from EGP 264.24 million in the year-ago period, including minority shareholders’ rights. 

Mubasher Contribution Time: 11-Aug-2021 08:20 (GMT)
Mubasher Last Update Time: 11-Aug-2021 08:20 (GMT)