Blom Bank Egypt Doubles Profits to EGP109.8 mln in 9 Months

Blom Bank Egypt attained EGP109.8 million profits within the first 9 months of this year, against EGP52.03 million in the last year, move up by 111 %( EGP57.8 million).

The bank’s investments for treasury bills and governmental securities reached around EGP1.7 billion at the end of September 2013, against EGP1.8 billion at the end of September2012, fell by 4.9% (EGP87.4 million).

The bank’s financial statements revealed that the loan portfolios and credit facilities boosted to 2.4% (EGP67.8million), move up by EGP2.87 billion, compared to EGP2.81 billion at the end of December 2012.

The banks’ assets increased by 7.9% (EGP816 million), move up by EGP11.1 billion September-end 2013, compared to EGP10.3 billion at the end of 2012.

The Bank’s deposit portfolio reached EGP9.1 billion at the end of the third quarter of the current year, against EGP8.3 billion 2012-end, inched by 9.4% (EGP781 million).