Over half, 54.6%, of the total profits of banks operating in the Egyptian market are held by the National Bank of Egypt (NBE), the Commercial International Bank (CIB), Banque Misr, Qatar National Bank (QNB) Al-Ahli, and HSBC Egypt as of the end of December 2015, according to the Central Bank of Egypt (CBE).
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015.
These profits were realised between January 2015 and the end of December 2015 for private banks, and between early July 2015 and the end of the year for public banks.
According to the CBE, these five banks made profits amounting to EGP 19.6bn. The NBE achieved profits of EGP 5.1bn; the CIB achieved EGP 4.7bn; Banque Misr achieved EGP 4.1bn; QNB Al-Ahli achieved EGP 3.2bn; and HSBC achieved about EGP 2.5bn.
The profits of the 10 largest banks operating in Egypt amounted to EGP 26.779bn, about 74.63% of the banks’ total profits.
The value of the net interest achieved by banks operating in the Egyptian market amounted to EGP 65.789bn as of the end of December 2015. Of this total, EGP 46.329bn or 70.42% were in the 10 largest banks and EGP 33.097bn or 50.307% were in the five largest banks, according to the CBE.
The CBE said that the net operating income of the banks’ activity in Egypt amounted to EGP 88.75bn. Of this total, EGP 59.724bn or 67.294% was accounted for by the 10 largest banks, while EGP 43.066bn or 48.525% was accounted for by the five largest banks.
The size of the banks’ expenses amounted to EGP 52.868bn as of the end of 2015, of which EGP 32.945bn or 62.315% were in the 10 largest banks, and EGP 23.471bn or 44.395% were in the five largest banks.
