1Q24 Results and Announcement of Buyback Program | Company Announcement
Investegate announcements from 1Q24 Results and Announcement of Buyback Program
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Investegate announcements from 1Q24 Results and Announcement of Buyback Program
EFG Holding, a prominent financial institution with a strong presence in Egypt and the MENA region, reported a 92% year-on-year revenue increase in Q1 2024,
EFG Holding, a financial institution with a universal bank in Egypt and a leading investment bank in Frontier and Emerging Markets (FEM), announced today strong financial performance for the third quarter of 2023. The Group booked a robust revenue increase of 27% Y-o-Y to EGP 3.0 billion, with strong contributions from its Investment Bank arm, EFG Hermes, and its commercial bank arm, aiBANK. Altho
EFG Holding’s net profit rose by 24 per cent to reach EGP395m, proving resilience amid a challenging economic landscape.
EFG Holding’s revenues in the three months to June 30 surged by 51 per cent year-on-year to EGP3.1bn while net profit reached EGP405m.