Banque Misr says Q1 pre-tax profit hits EGP 15.69 billion

Egypt’s second largest public bank, Banque Misr posted profit before taxes worth 15.696 billion Egyptian pounds ($508.3 million) in the first quarter of the year.

Earlier, the bank registered pre-tax profit worth 9.790 billion pounds in the first quarter of 2022.

Customers’ deposits rose to 1.889 trillion pounds in the first quarter of 2023, up from 1.726 trillion pounds at the end of December 2022.