AAIB Registers EGP842 Million Profits in 9 Months

Arab African International Bank (AAIB)’s business results within the first 9 months of 2014 revealed that the profits increased to nearly EGP842 million at the end of September 2014 in compared to EGP787 million during the same period of the last year, move up by 7.11% growth rates.

The customers’ deposit portfolio surged EGP7.2 billion to EGP56.2 billion in September 2014 in compared to EGP48.90 billion in 2013 move, registering 14.72% growth rates.

The bank’s volume of assets inched to EGP72.04 billion against EGP63.95 billion in 2013, recording 12.6% growth rates.

AAIB’s investments treasury bills hit nearly EGP20.35 billion, the bank’s defaulted loans retreated by 4% from the total value of portfolio.