bank profits Egypt

QNB Egypt Financial Results Q1 2026: Net Profit Hits EGP 9.5 Billion, Assets Surpass EGP 1 Trillio

At the start of 2026, the Egyptian economy was on a positive trajectory, supported by 5.3% GDP growth, relatively stable inflation, expanding industrial activity, accelerating tourism, and rising remittances from Egyptians abroad. However, this outlook was challenged by escalating regional tensions, which disrupted energy production and supply routes, increased transportation and insurance costs, and drove higher global energy prices, reigniting…