Cairo – Mubasher: Emirates NBD – Egypt, a wholly-owned subsidiary of Emirates NBD, logged net profits after tax worth EGP 2.54 billion in the first nine months (9M) of 2023.
The recorded net profits were higher year-on-year (YoY) than EGP 852.59 million, according to the financial results.
Net interest income hiked to EGP 5.12 billion in January-September 2023 from EGP 3.05 billion in 9M-22, whereas the basic earnings per share (EPS) jumped to EGP 50.93 from EGP 17.05.
Total assets enlarged to EGP 129.36 billion in 9M-23 from EGP 100.93 billion as of 31 December 2022, while the customer deposits widened to EGP 110.69 billion from EGP 85.22 billion.
Financials for Q3-23
In the third quarter (Q3) of 2023, the Egypt-based unit recorded YoY higher net profits at EGP 604.24 million, compared to EGP 324.07 million.
The net interest income climbed to EGP 1.90 billion in Q3-23 from EGP 1.08 billion a year earlier, while the EPS surged to EGP 12.08 from EGP 6.48.
During the nine-month period that ended on 30 September 2023, the DFM-listed bank generated AED 17.49 billion in net profit, an annual leap of 92% from AED 9.09 billion.
