Abu Dhabi Islamic Bank Egypt: Q3 Total Assets 5.5% up

The total assets of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt- Previously the National Bank for Development) have grown by EGP 792 million or 5.5% to EGP 15.2 billion during Q3/2013 which ended on September 30th, compared to EGP 14.4 billion posted by December 31st, 2012.

The lender’s portfolio of net loans and clients’ finances also increased by EGP 1.2 billion or 26.3% to around EGP 5.94 billion, against EGP 4.70 billion by December-end.

Meanwhile, ADIB Egypt’s treasury bills investments dipped by EGP 318.9 million or 9.2% to EGP 3.1 billion by September-end, compared to EGP 3.5 billion by December-end.