Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) on Thursday posted an 11.9% year-on-year rise in consolidated profits for the first nine months of 2018.
Profits stood at EGP 416.4 million in the nine-month period ended September, versus EGP 378.3 million in the year-ago period, the bank said in a filing to the Egyptian Exchange (EGX).
Meanwhile, standalone profits grew to EGP 427.22 million in the period between January and September, from EGP 381.7 million in the prior-year period.
EG Bank previously posted a 6% year-on-year rise in consolidated profits for the first half of 2018.
After-tax profits amounted to EGP 261.9 million in the six-month period ended June, up from EGP 256.2 million in H1-17