Cairo - Credit Agricole Egypt recorded consolidated net profits of EGP 767.09 million during the first half (H1) of 2021, up by 9.4% year-on-year (YoY) from EGP 701.02 million.
The lender's interest income slipped to EGP 2.56 billion in the January-June period, compared to EGP 2.6 billion in the corresponding period in 2020, according to a bourse disclosure on Tuesday.
As for standalone business, the bank logged net profits of EGP 764.37 million in H1-21, up from EGP 701.2 million in H1-20.
During the first quarter (Q1) of 2021, the bank posted net profits of EGP 378.52 million, down from EGP 439.96 million in Q1-20.
The interest income retreated to EGP 1.25 billion in the January-March period, compared to EGP 1.36 billion in the year-ago period.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
