ICEC

Banque Du Caire Achieves EGP 424 mln Unaudited Profits

Banque Du Caire has recorded EGP 424 million unaudited net profits within the first half of this year.

An official source said in an exclusive to Amwal Al Ghad, the various portfolios of the bank have jumped with ratio ranging between 10 to 15%, explaining that net income rose by 19% during the first 6 months of this year to reach EGP 1.356 billion, and the portfolio of assets went up by 12%, registering EGP 62.5 billion.

The loans have recorded 12% increasing (EGP24 billion) in June-end and the deposits of the customers recorded around EGP 54 billion with 10% jumping.

It is worth mentioning that the bank achieved EGP 830 million net profit within 2012, asserting that net income of equity reached 27.5%.

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