Al Baraka Bank Egypt’s Cash and Due hit US$230m end-June

Al Barak Bank Egypt’s total cash and due from Central Bank of Egypt reached around EGP 3.656 billion (US$ 229.8 million) at the end of June 2015 versus EGP 1.850 billion at the end of December 2014.

The financial lists showed that bank’s investments in governmental notes recorded 5.319 billion Egyptian pounds at the end of June 2015 opposed to 3.604 billion Egyptian pounds at the end of 2014, making EGP 1.71 billion increase.

According to the lists, Al Baraka Bank Egypt’s total volume of Murabaha, Mudaraba and Musharka for customers hit EGP8.534 billion at the end of June 2015 compared to EGP8.462 billion at the end of 2014

The total assets of Al Baraka Bank Egypt reached 24.555 billion Egyptian pounds at the end of June 2015 versus 22.279 billion Egyptian pounds at the end of 2014, registering EGP2.27 billion increase.

The total volume of customers’ deposits has increased by EGP 1.9 billion to hit EGP 21.387 billion at the end of June 2015 compared to EGP18.828 billion at the end of 2014.

Al Baraka Bank Egypt’s net profit after taxes estimated at EGP140.291 billion at the end of June 2015 opposed to EGP108.985 billion at the end of June 2014, the financial lists revealed.