13 banks in Egypt report EGP 21.778bn net profits

A total of 13 banks working in the Egyptian market reported net profits of EGP 21.778bn during the first half (1H) of 2022.

The results were reported in a survey conducted by Daily News Egypt on the performance indicators of banks operating in the local market.

According to the survey, Commercial International Bank – Egypt (CIB) topped those banks with a net profit of EGP 7.773bn, while QNB Alahli ranked second by EGP 4.754bn. Faisal Islamic Bank – Egypt came third by EGP 1.747bn, while Housing and Development Bank (HDB) ranked fourth by EGP 1.303bn.

Six banks barely exceeded EGP 1bn in net profits, including Credit Agricole Egypt by EGP 1.018bn, and Abu Dhabi Islamic Bank by EGP 1.016bn.