(MENAFN) Backed up by the Central Bank of Egypt's data, Egyptian Banks accomplished a total of USD2.6 billion in gross profits over the month of January.
The banks achieved a net return on its activity which totaled to USD5.8bn by the end of Jan, and the net earnings have hit USD8 billion, according to the central bank.
Moreover, the total dues of banks towards each other in Egypt amounted to USD2.5 billion while their dues towards banks abroad touched USD3.7 billion.
In particular, the central bank's figures show that banks investments in securities and treasury bills amounted to about USD126 billion throughout the cited month.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.