Ahli United Bank Egypt: Q3 Consolidated Profits Grow by 33.3%

Ahli United Bank S.A.E. (AUB) has reported on Sunday consolidated profits of EGP 253.6 million at the end of last September, versus EGP 190.2 million for the same period a year earlier, registering an increase of EGP 63.4 million (or 33.3%).

The bank’s deposit portfolio has increased by EGP 1.9 billion (or 15.4%) to around EGP 14.95 billion at the end of last September, compared to EGP 12.96 billion at the end of last December 2012.

AUB’s Q3/2013 consolidated financial results further showed that the bank’s investments in treasury bills and bonds have surged by EGP 755.6 thousand (or 70.1%) to EGP 1.8 billion by September-end, opposed to EGP 1.1 billion by the end of December 2012.

The bank’s loans and credit facilities have also hiked by EGP 1.4 billion (or 18.6%) to EGP 8.8 billion by the end of third quarter, compared to EGP 7.4 billion at the end of December 2012.

Moreover, AUB’s total assets inched higher by EGP 1.9 billion (or 12.04%) to EGP 17.5 billion by September-end, against EGP 15.6 billion by the end of December 2012.