Egyptian Gulf Bank News - Mubasher Info
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Egyptian Gulf Bank (EGBE)

Last update: 25 May 01:06 PM market time.
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News

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10 November 2024 11:26 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 …
Banking and Finance
Photo Archive
15 August 2024 05:06 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
Photo Archive
11 July 2024 09:46 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 …
Banking and Finance
Photo Archive
24 April 2024 01:25 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 …
Financial Results
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19 March 2024 05:35 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
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24 January 2024 01:00 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 …
Management Decisions
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10 January 2024 11:31 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
Photo Archive
12 December 2023 11:42 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 …
Board of Directors
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19 October 2023 09:54 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
Photo Archive
27 August 2023 02:37 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
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16 August 2023 00:19 PM 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
Photo Archive
7 May 2023 03:48 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 …
Banking and Finance
Photo Archive
21 March 2023 11:03 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 …
Cash Dividends
Photo Archive
5 February 2023 06:17 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 …
Board of Directors
Photo Archive
6 December 2022 01:22 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 …
Board of Directors
Photo Archive
9 November 2022 02:09 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’ …
Financial Results
Photo Archive
22 September 2022 00:10 PM 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 …
Companies Investments
Photo Archive
21 August 2022 01:05 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, …
Financial Results
Photo Archive
20 July 2022 00:11 PM 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. …
Financial Results
Photo Archive
16 June 2022 08:08 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
Photo Archive
7 June 2022 01:37 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 …
Financial Results
Photo Archive
15 May 2022 04:15 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
Photo Archive
20 February 2022 00:46 PM 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
Photo Archive
26 January 2022 01:10 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 …
Banking and Finance
The income from loans and similar revenues grew to EGP 5.68 billion
10 November 2021 00:54 PM EG Bank's 9M profit rises 10%
Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) reported net profits of EGP 499.52 million in the first nine months of 2021, an increase of 10.13% year-on-year (YoY) from EGP 453.54 million, including minority shareholders' rights.  The bank's …
Financial Results