Al Baraka Bank Egypt Achieves EGP 2.73 Billion Pre-Tax Profit by the End of H1 2026

Al Baraka Bank Egypt announced its financial results for the first half of 2026, demonstrating continued growth across its key financial and operational indicators, while reinforcing the Bank’s strong position within Egypt’s Islamic banking sector and its ability to meet the evolving needs of its customers.
During the first half of the year, the Bank achieved net profit after tax of EGP 1.85 billion, while profit before tax reached EGP 2.73 billion by the end of June 2026. The Bank also maintained strong profitability indicators, with Return on Assets (ROA) reaching 2.3% and Return on Equity (ROE) standing at 23.5%, reflecting the continued strength of its financial performance.
On the financial positioning front, total assets increased by 3.9% to reach EGP 151.6 billion by the end of June 2026, while total shareholders’ equity reached EGP 16.2 billion, recording a 3.6% increase compared to the end of 2025. Customer deposits also continued to grow, reaching EGP 127.5 billion, an increase of EGP 4.8 billion, or 3.9%, compared to the same period last year. Retail deposits continued to lead this growth, increasing by EGP 6.8 billion, or 8%, to reach EGP 89.6 billion, representing 70.3% of the Bank’s total customer deposits. Meanwhile, corporate deposits stood at EGP 37.9 billion by the end of June 2026.
This performance was accompanied by continued growth in operating income, which reached EGP 4.76 billion, supported by a 9% increase in net income from financing and investments to EGP 3.96 billion. In addition, net income from fees, commissions, and other revenues increased by 16.5% to EGP 795 million, representing 16.7% of total operating income, reflecting the Bank’s continued progress in diversifying its sources of income.
In parallel with the growth in customer deposits, the financing and facilities portfolio reached EGP 83.1 billion, increasing by EGP 7.2 billion, or 9.5%, and bringing the financing-to-deposits ratio to 65.3% by the end of June 2026.
At the level of corporate financing, the portfolio reached EGP 63.2 billion, reflecting an increase of EGP 5.4 billion, or 9.3%. This growth was supported by an 11.7% increase in large corporate and syndicated financing, which rose by EGP 6.2 billion to EGP 59.1 billion. Meanwhile, the SME financing portfolio stood at EGP 4.1 billion.
With regard to retail banking, financing extended to individuals increased by 10.3% to reach EGP 19.9 billion. Personal financing recorded growth of 10.4% to EGP 19.4 billion, while the credit card portfolio achieved a notable 13.6% increase to reach EGP 532 million by the end of the first half of 2026.
Commenting on the results, Mr. Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank Egypt, stated: “Our first-half performance reflects the continued progress of our strategy for balanced and sustainable growth, supported by operational efficiency and our commitment to providing Sharia-compliant banking solutions that respond to the evolving needs of our customers.”
“Moving forward, we remain focused on investing in our products and services, expanding our digital channels, and enhancing the customer experience, while maintaining prudent risk management. We will continue to build on this momentum across our corporate and retail banking activities and pursue opportunities to further diversify our income sources and introduce innovative financing solutions that contribute to supporting economic activity. These efforts will support the Bank’s continued growth and reinforce its position as one of the leading Islamic banks in the Egyptian market.”