The Banking Executive Magazine - August Issue 2022

Banque du Caire’s Profits BANQUE DU CAIRE’S PROFITS RISE TO $97MLN IN H1-22 Banque du Caire has logged stand- alone net profits after tax worth EGP 1.84 billion during the first half (H1) of 2022, compared to EGP 1.81 bil- lion in H1-21. The earnings per share (EPS) edged up to EGP 0.70 in the first six months (6M) of 2022, versus EGP 0.69 dur- ing the same period a year earlier, according to the financial results. Furthermore, the net interest income grew to EGP 5.91 billion in H1-22 from EGP 5.03 billion in H1-21. Meanwhile, the state-run lender re- ported net income from fees and commissions of EGP 1.10 billion in the January-June 2022 period, higher than EGP 885.81 million in the year- ago period. During the second quarter (Q2) of 2022, the bank’s standalone net prof- its after tax enlarged to EGP 1.03 bil- lion from EGP 810.67 million in Q2- 21. The net interest income surged to EGP 3.11 billion in Q2-22 from EGP 2.52 billion in Q2-21, while the net income from fees and commissions widened to EGP 562.90 million from EGP 425.32 million. In January-March 2022, the stand- alone net profits of Banque du Caire exceeded EGP 800 million. the BANKING EXECUTIVE 16 ISSUE 164 AUGUST 2022