Cairo - Mubasher: Al Baraka Bank Egypt achieved net profits after tax of EGP 816 million in the first quarter (Q1) of 2026, while profit before tax recorded EGP 1.21 billion, according to a press release.
The EGX-listed lender maintained solid profitability indicators, with return on assets (ROA) reaching approximately 2.10%, while return on equity (ROE) stood at nearly 21%.
Total assets increased by 4.50% to EGP 152.50 billion by the end of March 2026, whereas customer deposits grew by 4.60% to EGP 128.40 billion.
This performance was backed by growth in operating income, which totaled EGP 2.27 billion in Q1-26, as well as higher net income from financing and investments at EGP 1.89 billion.
As for corporate financing, the portfolio recorded EGP 60.30 billion, reflecting a rise of 4.30%. Meanwhile, the SME financing portfolio stood at EGP 4.40 billion by the end of March 2026.
CEO and Vice Chairman of Al Baraka Bank Egypt, Hazem Hegazy, stated: “We are currently upgrading the Core Banking System in parallel with the launch and development of new digital branches.”
He added: “We firmly believe that the success of these investments in digital platforms and our enhanced geographical presence represents a key pillar in improving operational efficiency and delivering Islamic banking services that keep pace with modern technological requirements.”
In 2025, Al Baraka Bank Egypt recorded consolidated net profits after tax worth EGP 4 billion.
