Export Development Bank’s Deposits Rose 1.25% In H1, FY 2012/2013

The Export Development Bank of Egypt’s deposit portfolio rose 1.25% (EGP 132.8 million) to reach EGP 10.756 billion at the end of 2012, compared to EGP 10.624 billion at the end of the last fiscal year.

The non-consolidated financial statements showed that the bank’s loan portfolio fell 6.76% to reach EGP 5.863 billion at the end of 2012, compared to EGP 6.288 billion at the end of June 2012.

The bank’s equity surged 6.08% to reach EGP 1.945 billion at the end of 2012, compared to EGP 1.834 billion at the end of FY 2011/2012.

The bank achieved net profit of EGP 65.140 million in the first half of the current fiscal year, compared to EGP 29.165 million at the end of the compared period in the last fiscal year, registering an increase of 123.35%.