The net profits of the top 10 Egyptian banks declined by approximately 3.1 percent during the first quarter of this year, recording EGP 120.74 billion, compared to EGP 124.55 billion during the same period last year.
According to data from the Central Bank of Egypt, the top ten banks accounted for 79.04 percent of the total profits of the banking sector during the first quarter of this year, amounting to EGP 152.75 billion.
Major Banks include the National Bank of Egypt, Banque Misr, Commercial International Bank, Banque du Cairo, Arab African International Bank, Qatar National Bank, First Abu Dhabi Bank, Faisal Islamic Bank, HSBC, and the Agricultural Bank.
Source (Al Arabiya.net Website, Edited)
