UNB Egypt’s profit rises over 40% YoY in H1-19

Cairo – Mubasher: Union National Bank – Egypt (UNBE) has reported a 40.5% year-on-year profit hike during the first six months of 2019, recording EGP 191.4 million ($11.54 million).

The bank’s interest income grew to EGP 462.2 million in H1-19, from EGP 435.3 million in the year-ago period, according to a bourse statement released on Thursday.

UNBE’s profit increased to EGP 81.7 million in the second quarter of 2019, compared to EGP 76.16 million a quarter earlier.

During the first quarter of the year, the EGX-listed bank achieved EGP 109.73 million profit.

Mubasher Contribution Time: 08-Aug-2019 13:13 (GMT)
Mubasher Last Update Time: 07-Nov-2019 08:33 (GMT)