Union National Bank Egypt’s Loans Up 18% In 9 Months

The Union National Bank – Egypt’s (UNB) loans surged by 18% during the first nine months of 2012, registering EGP 2.829 billion at the end of last September, compared to EGP 2.402 billion at the end of 2011.

The unaudited results of the bank showed that the deposits portfolio rose by EGP 676.6 million (20%), registering EGP 3.995 billion at the end of Q3 of 2012, compared to EGP 3.318 billion at the end of last year.

The return on ownership equity rose to EGP 811.1 million at the end of last September, compared to EGP 784.9 million at the end of 2011.

The bank’s post-tax net profit surged by 5%, registering EGP 24.396 million at the end of last September, compared to EGP 23.3 million at the end of September, 2011.