CAIRO: EFG Hermes, Egypt's biggest investment bank, reported an 18.8 percent decline in its net profit for the first nine months of 2012, the stock exchange said on Monday.
Consolidated net profit fell to 232.1 million Egyptian pounds ($38 million) from 286.0 million pounds in the first nine months of 2011.
The bank announced earlier this year it was planning a tie-up with Qatar's QInvest. (Reuters)
