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FINANCIAL NEWS
Egyptian financial institutes’ net profit hits USD2.6b in June
27 Oct 2015
(MENAFN) Backed up by the Central Bank of Egypt’s data, Egyptian Banks accomplished a total of USD2.6 billion in gross profits over the month of June.
The banks achieved a net return on its activity which totaled to USD5.8 billion by the end of June and the net incomes hit USD8 billion, According to the central bank.
Moreover, the total dues of banks towards each other in Egypt amounted to USD2.5 billion while their dues towards banks abroad touched USD3.7 billion.
In particular, the central bank’s figures show that banks investments in securities and treasury bills amounted to about USD126 billion in the cited month.
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