Financial Results
Retail Banking
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17 banks in Egypt report total EGP 18.565bn net profits in H1 2020
A total of 17 banks operating in the Egyptian market achieved combined net profits of about EGP 18.656bn in the first half (H1) of 2020. Fears surrounding repercussions from the novel coronavirus (COVID-19) pandemic, and the banks’ resorting to increasing provisions for doubtful loans continued to put pressure on banks’…
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Click here to read the full story: Daily News Egypt