May 15th, 2008
1Q08 Results: Marked Improvement
Solid Net Interest Income Growth
EGB’s net interest income grew by a solid 18.9% YoY to EGP37.9
million in 1Q08. Growth was driven by a 21.2% YoY growth in
interest from loans and due from banks, which came on the back of
a 61.7% YoY increase in gross loans. Interest expense, on the other
hand, grew by 2.0% YoY to EGP46.5 million.