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Traders work at the Egyptian Stock Exchange in Cairo. REUTERS/Amr Abdallah Dalsh
Egypt - Qatar National Bank Alahli’s (QNB Alahli) consolidated net profits after tax and non-controlling interest saw a 113.5% year-on-year (YoY) hike in the first quarter (Q1) of 2023 to EGP 4.71 billion, compared to EGP 2.21 billion, the bank’s financial statement showed on April 11th.
Net interest income surged to EGP 6.63 billion in the period from January to March this year from EGP 4.26 billion in the same quarter last year.
Respecting standalone business, the bank earned EGP 4.48 billion in net profits after tax in Q1 2023, up 199.7% from EGP 2.04 billion in Q1 2022.
Meanwhile, standalone net interest income grew to EGP 6.52 billion from EGP 4.15 billion.
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