CAIRO, May 2 (Reuters) - National Bank of Egypt (NBE) , the country's largest bank by assets, increased its net profit by 76 percent in the six months to end-December, it said on Sunday in a newspaper advertisement.
Net profit for the first half of the company's fiscal year, which starts in July, was 1.013 billion Egyptian pounds ($182.8 million), compared with 575 million pounds a year earlier, it said in the Monday edition of the government daily al-Ahram.
NBE was the last of Egypt's four main state-owned banks to bring in managers from the private sector, in a reform process that began with Banque du Caire in 2000.
($1=5.542 Egyptian Pound)
(Writing by Alexander Dziadosz; Editing by Bernard Orr) Keywords: NATIONALBANK EGYPT/ (alexander.dziadosz@reuters.com; +20 2 2578 3290; Reuters Messaging: alexander.dziadosz.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Net profit for the first half of the company's fiscal year, which starts in July, was 1.013 billion Egyptian pounds ($182.8 million), compared with 575 million pounds a year earlier, it said in the Monday edition of the government daily al-Ahram.
NBE was the last of Egypt's four main state-owned banks to bring in managers from the private sector, in a reform process that began with Banque du Caire in 2000.
($1=5.542 Egyptian Pound)
(Writing by Alexander Dziadosz; Editing by Bernard Orr) Keywords: NATIONALBANK EGYPT/ (alexander.dziadosz@reuters.com; +20 2 2578 3290; Reuters Messaging: alexander.dziadosz.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.