Nasser Social Bank net profit close to LE1 billion in fiscal year 2019/2020

Economy and stock exchange

Mohammed Farid Abdullah, Head of the Financial Sector at Nasser Social Bank, revealed the bank's net profits during the last period, pointing out that it reached EGP 254 billion in the fiscal year 2017/2018 and LE 780 million on 31 March 2019. It is expected in the new budget 2019 / To LE 983 million.

He stressed in his speech to the deputies of the plan and budget committee, that the budget is prepared for the bank following the pattern of the general budget of the state, and they have more plans to maximize profits and provide good financial performance every year from the previous.

This came during a meeting of the Committee of Plan and Budget, which is now held in the House of Representatives to discuss the budget of the Ministry of Social Solidarity and its affiliates for the financial year 2019/2020 and budget programs and performance of the ministry for the same year.

Social Solidarity