Egyptian Gulf Bank (EGBE)

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News

16 June 06:04 PM EG Bank, Mastercard forge partnership to strengthen digital payment services

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) has joined forces with Mastercard to drive financial accessibility, expand digital payment adoption, and launch new segments to its card portfolio. The collaboration aims to reinforce the lender’s …

Banking and Finance

10 November 2024 10:26 AM EG Bank generates 81% higher consolidated profits in 9M-24

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) logged consolidated net profits valued at EGP 1.91 billion in the first nine months (9M) of 2024, higher by 81% than EGP 1.06 billion in 9M-23. Net interest income amounted to EGP 16.01 billion in …

Financial Results

15 August 2024 04:06 PM EG Bank’s consolidated profits cross EGP 1.2bn in H1-24

Cairo – Mubasher: The consolidated net profits of Egyptian Gulf Bank (EG Bank) grew year-on-year (YoY) to EGP 1.28 billion in the first half (H1) of 2024 from EGP 672.25 million, according to the financials. Earnings per share (EPS) hiked to EGP …

Banking and Finance

11 July 2024 08:46 AM FRA greenlights EG Bank’s capital raise

Cairo – Mubasher: The Financial Regulatory Authority (FRA) passed the request of Egyptian Gulf Bank (EG Bank) to increase its issued and paid-up capital to $510.10 million from $499.50 million. The $10.60 million raise will be distributed over …

Corporate Actions

24 April 2024 00:25 PM EG Bank’s consolidated profit surges 91% YoY in Q1-24

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) reported a consolidated net profit after tax from continued operations of EGP 596.54 million during the first quarter (Q1) of 2024, up 91% year-on-year (YoY) from EGP 312.77 million. The bank’s …

Banking and Finance

19 March 2024 04:35 PM EG Bank’s shareholders nod to capital increase

Cairo – Mubasher: The shareholders of Egyptian Gulf Bank (EG Bank) agreed to disburse EGP 250.25 million bonus shares at a nominal value of EGP 0.02 per share. The ordinary general meeting (OGM) greenlighted the bonus shares, on 18 March 2024, in …

General Assembly

24 January 2024 00:00 PM EG Bank mulls EGP 500m capital hike

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) plans to increase the issued and paid-up capital by EGP 500 million financed from the disclosed profits in the distribution account for 2023. The lender will proceed with the capital raise process in …

Banking and Finance

10 January 2024 10:31 AM EG Bank’s consolidated profits hit EGP 1.48bn in 2023

Cairo – Mubasher: The consolidated net profits after tax from continued operations of Egyptian Gulf Bank (EG Bank) enlarged by 75% to EGP 1.48 billion in 2023 from EGP 845.83 million at the end of December 2022. The listed lender posted interest …

Banking and Finance

12 December 2023 10:42 AM EG Bank eyes 21% higher net profits in 2024

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) plans to achieve 21% higher net profits in 2024 when compared with 2023. The board members greenlighted the 2024 estimated budget on 10 December 2023, according to a bourse filing. In the first nine …

Banking and Finance

19 October 2023 08:54 AM EG Bank posts 70% leap in 9M-23 consolidated profits

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) witnessed 70% higher consolidated net profits after tax standing at EGP 1.05 billion in the first nine months (9M) of 2023, versus EGP 621.48 million in 9M-22. Net interest income widened by 45% …

Banking and Finance

27 August 2023 01:37 PM EG Bank sees EGP 21m block trading deal

Cairo - Mubasher: Egyptian Gulf Bank (EG Bank) recorded a block trading agreement standing at EGP 20.96 million on 24 August 2023. The Egyptian Exchange (EGX) announced in a recent bourse statement that the block deal was executed on 1.88 million …

Companies Investments

16 August 2023 11:19 AM EG Bank’s consolidated profits to shareholders cross EGP 672m in H1-23

Cairo – Mubasher: The consolidated net profits attributable to the owners of Egyptian Gulf Bank (EG Bank) hiked to EGP 672.25 million in the first half (H1) of 2023 from EGP 406.63 million a year earlier. The net interest income amounted to EGP …

Financial Results

7 May 2023 02:48 PM EG Bank’s consolidated profits up 61% in Q1-23

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) generated EGP 312.77 million in consolidated net profit after tax from continuing operations during the first quarter (Q1) of 2023, an annual surge of 61% from EGP 193.75 million. The earnings per …

Financial Results

21 March 2023 10:03 AM EG Bank’s OGM nods to 2022 dividends

Cairo – Mubasher: The ordinary general meeting (OGM) of Egyptian Gulf Bank (EG Bank) approved, on 19 March, the distribution of cash dividends for 2022. The cash dividends will be disbursed over two instalments, according to a bourse filing. The …

General Assembly

5 February 2023 05:17 PM EG Bank’s consolidated profits near EGP 846m in 2022; dividends proposed

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) logged consolidated net profits after tax worth EGP 845.83 million in 2022, up from EGP 695.33 million in 2021, including minority shareholders’ rights.  Earnings per share (EPS) stood at EGP 1.65 …

Financial Results

6 December 2022 00:22 PM EG Bank’s board approves FY23 estimated budget

Cairo – Mubasher: The board of directors of Egyptian Gulf Bank (EG Bank) has approved the bank's estimated budget for fiscal year (FY) 2023 during a meeting on Monday, 5 December. The bank’s profits are expected to grow by more than 15% on an …

Banking and Finance

9 November 2022 01:09 PM EG Bank’s profits grow 23% in 9M-22 unaudited results

Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) registered EGP 621.48 million in consolidated net profits during the first nine months (9M) of 2022, a year-on-year (YoY) increase of 23% from EGP 505 million, including minority shareholders’ …

Banking and Finance

22 September 2022 11:10 AM EG Bank’s OGM approves $46.44m capital raise

Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian Gulf Bank (EG Bank) approved cancelling its previous decision to increase the bank's capital to $486.48 million from $453.05 million by offering bonus shares. Hence, the OGM …

Banking and Finance

21 August 2022 00:05 PM EG Bank reports 27% higher consolidated earnings in H1-22

Cairo – Mubasher: Consolidated net profits of the Egyptian Gulf Bank (EG Bank) grew by 27% year-on-year (YoY) in the first half (H1) of 2022 to EGP 406.63 million, compared to EGP 320.20 million. Interest income reached EGP 3.83 billion in H1-22, …

Banking and Finance

20 July 2022 11:11 AM EG Bank's standalone profits rise 23% in H1-22

Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) recorded a 23% year-on-year (YoY) increase in its standalone net profits to EGP 409.46 million in the first half (H1) of 2022 from EGP 333.95 million, according to the bank's initial financials. …

Banking and Finance

16 June 2022 07:08 PM Kuwait’s Al Arabia Real Estate exits EG Bank for over $10m

Mubasher: Kuwaiti firm Al Arabia Real Estate Company has sold its stake in the Egyptian Gulf Bank (EG Bank) for $10.17 million. Kuwait Barraries Trading Company has purchased the Boursa Kuwait-listed company’s equity in EG Bank, equivalent to …

Companies Investments

7 June 2022 00:37 PM EG Bank’s consolidated profits surge 23% in Q1-22

Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) has logged consolidated net profits after tax worth EGP 193.75 million in the first quarter (Q1) of 2022, an annual growth of 23% from EGP 157.78 million. Revenues amounted to EGP 1.89 billion in …

Banking and Finance

15 May 2022 03:15 PM EG Bank's standalone profits rise 24% in Q1-22

Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) reported a 24% year-on-year (YoY) rise in its standalone net profits to EGP 197.4 million in the first quarter (Q1) of 2022 from EGP 159.57 million, according to the bank's initial financials for …

Banking and Finance

20 February 2022 11:46 AM EG Bank's consolidated profits up 11% in 2021

Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) reported an 11.27% increase in consolidated net profits to EGP 695.33 million in 2021, compared to EGP 624.88 million in 2020. The bank's net interest income rose to EGP 2.76 billion in 2021 from …

Financial Results

26 January 2022 00:10 PM EG Bank records higher standalone profits in 2021

Cairo – Mubasher: The standalone net profits of the Egyptian Gulf Bank (EG Bank) increased to EGP 695.658 million in 2021, compared to EGP 625.232 million in 2020. The bank's net interest income increased to EGP 2.75 billion in 2021 from EGP 2.61 …

Financial Results