UNB Egypt logs EGP 284m profit in 9M unaudited financials

Cairo – Mubasher: The unaudited financial results of the Union National Bank – Egypt (UNB Egypt) showed a 33% growth in its net profits during the nine-month period ended 30 September.

The bank’s net profits surged to EGP 283.9 million in the January-September period of 2019 from EGP 213.17 million in the corresponding period a year earlier, according to a statement to the Egyptian Exchange (EGX) on Thursday.

Meanwhile, net interest income rose to EGP 2.9 billion in the first nine months of the year, compared to EGP 2.6 billion in the prior-year period.

It is noteworthy that during the first half 2019, the bank logged a net profit of EGP 191.4 million, up from EGP 136.2 million in H1-18.

Mubasher Contribution Time: 07-Nov-2019 08:37 (GMT)
Mubasher Last Update Time: 07-Nov-2019 08:46 (GMT)