Sunday, May 17, 2026, 3:41 PM
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EGBANK Total Assets Rise to EGP 158.3 Billion in Q1 2026 as Credit and Investments Expand

Sunday 17 May 2026 09:25
EGBANK Total Assets Rise to EGP 158.3 Billion in Q1 2026 as Credit and Investments Expand

The periodic condensed consolidated financial statements of the Egyptian Gulf Bank (EGBANK) revealed that total assets rose to EGP 158.357 billion by the end of March 2026, compared to EGP 142.556 billion at the end of December 2025. This represents a net expansion of approximately EGP 15.8 billion during the first quarter of the current year.

According to the bank's financial disclosures, cash and balances held at the Central Bank of Egypt (CBE) recorded EGP 14.705 billion by the end of March 2026, against EGP 15.056 billion at year-end 2025. Meanwhile, due from banks (balances at other banks) rose to EGP 5.200 billion, up from EGP 4.180 billion at the end of last year.

Net loans and facilities to customers stood at EGP 64.660 billion at the end of March 2026, compared to EGP 61.384 billion at the end of December 2025, reflecting sustained growth across the bank’s credit operations.

On the investment front, financial investments measured at Fair Value through Other Comprehensive Income (FVOCI) rose to EGP 44.159 billion by the end of March 2026, up from EGP 35.163 billion at the end of December 2025. Financial investments measured at Amortized Cost recorded EGP 20.085 billion, compared to EGP 17.030 billion at year-end 2025.

Furthermore, financial investments measured at Fair Value through Profit or Loss (FVTPL) stood at EGP 146.648 million by the end of March 2026, compared to EGP 111.620 million at the end of December 2025. Financial investments in associates recorded EGP 154.123 million, against EGP 155.797 million.

Other assets were registered at EGP 7.526 billion by the end of March 2026, compared to EGP 7.308 billion at the end of December 2025, while fixed assets reached EGP 1.575 billion, against EGP 1.506 billion.

Intangible assets reached EGP 93.208 million at the end of March 2026, compared to EGP 68.059 million at year-end 2025, while the staff reward and incentive scheme balance stood at EGP 84.690 million, up from EGP 84.058 million. Non-current assets held for sale stabilized at EGP 13.217 million by the end of March 2026, unchanged from December 2025, while goodwill remained constant at EGP 85.237 million.

These financial indicators demonstrate the continuous expansion of EGBANK's balance sheet capacity during the first quarter of 2026, supported by the upward growth of the customer loans and facilities portfolio, alongside increases in financial investments and interbank balances.