Egyptian bank Al Baraka Bank Egypt announced a pre-tax profit of 1.21 billion Egyptian pounds (EGP) (approximately USD 24.2 million) in the first quarter of 2026, driven by deposit and financing portfolio growth. Net profit stood at 816 million EGP (~USD 16.3 million) during the period.
Total assets increased by 4.5% to 152.5 billion EGP (USD 3.05 billion), while customer deposits grew by 4.6% to 128.4 billion EGP (USD 2.57 billion). Retail deposits were the main driver of growth, rising by 7% to 88.7 billion EGP (USD 1.77 billion).
According to data published by the bank, the financing portfolio reached 79.2 billion EGP (USD 1.58 billion), up by 4.3%, with a financing/deposit ratio of 61.8%.
In the retail banking segment, individual financing increased by 4.4% to 18.9 billion EGP (USD 378 million), supported by a 10.7% increase in credit card lending to 519 million EGP (USD 10.4 million).
Operating income amounted to 2.27 billion EGP (USD 45.4 million), supported by a net income from financing and investments of 1.89 billion EGP (USD 37.8 million).
The bank continued its investments in digital transformation, including the modernization of its central banking system and the deployment of digital branches.
