ABC Posts 19% Profit Growth

Arab Banking Corporation’s (ABC) loan and credit facilities portfolio declined by 6.5% in value to EGP 100 million, reaching EGP 1.3 billion at the end of 2011, compared to EGP 1.4 billion at the end of 2010.

ABC’s results showed a 7.3% increase in its 2011 deposit portfolio in value to EGP 265 million as it reached EGP 3.8 billion, compared to EGP 3.535 billion at the end of 2010.

Besides, ABC’s profits registered a 19% increase as it reached to EGP 35.004 million, compared to EGP 29.417 million.