AAIB Egypt Achieves $ 37 Mln – Q1

The Arab African International Bank (AAIB) has achieved net profit increase worth $ 1.9 million with growth rate 5.5% in order to record $ 37.09 million by the end of the first quarter of the current year compared to $ 35.1 million in the same period of 2012.

The financial statements of the bank have revealed the decline of its investment volume in Treasury Bill (T-bills) with $ 166.2 million to reach $ 1.8 billion by the end of the last March in compared to 2.04 $billion in March 2012.

Loans portfolio and clients facilities of the bank have boosted to $ 30.2 million to record $3.44 billion compared to $3.41 billion in the same period of 2012.

While the deposit portfolio has declined with 1.02% estimated at $61.02 million so as to reach $5.90 billion in March-end compared to $ 5.97 billion in last of 2012.

The total Bank’s assets volume reached $ 7.9 billion by March-end compared to$ 8.1 billion by the end of the last year to go down with 3.07% estimated at $251.9 million.