Al Baraka Bank Egypt affirmed its commitment to the instructions of the Central Bank of Egypt not to make cash distributions from the year’s profits and / or retained earnings that are distributable to shareholders, in support of the bank’s capital base, to face the potential risks as a result of the continuing crisis of the Covid-19 virus while allowing distributions to be made to workers as well as disbursement. Board remuneration for the fiscal year 2020.
Al Baraka Bank Egypt achieved a net profit of 1.12 billion pounds since the beginning of January until the end of last September, compared to profits of 863.64 million pounds during the same period last year, taking into account the rights of the minority, and the bank’s net income increased from the return during the first nine months of This year, to record 1.85 billion pounds by the end of September, compared to 1.46 billion pounds during the same period last year.
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