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Latest in Tag: profits

Commerzbank logs anticipated profit plunge

Germany’s second-largest lender, Commerzbank, has booked a steep decline in bottom-line earnings for 2016. The bank kept battling through a tough restructuring in a volatile business environment.Commerzbank announced Thursday its net profits were down more than 74 percent year on year in 2016. Releasing full-year financial results, Germany’s second-biggest lender said it logged bottom-line earnings …

Deutsche Welle

EFG Hermes achieves EGP 41m net profits in Q3 of 2016

The Egyptian Financial Group (EFG) Hermes, a financial service corporation in the Middle East and North Africa (MENA), announced in a report on Tuesday a 28% annual growth of its continued operation revenues year-on-year (y-o-y), reaching EGP 294m, with net profits of EGP 41m in the third quarter of 2016. Revenues from continued and discontinued …

Reem Hosam El-din

Egyptian Gulf Bank

Egyptian Gulf Bank scores net profits of EGP 240.6m in H1 of 2016

The Egyptian Gulf Bank (EGB) achieved net profits of EGP 240.6m during the first half (H1) of 2016. The bank’s profits increased by 100%, compared to the same period in 2015. The bank’s financial results for H1 in 2016 showed a significant growth in all activities and indicators. The bank’s net income has increased by …

Daily News Egypt