Al Watany Bank of Egypt’s Loan Portfolio Hit EGP 7.2 Bln At End-2012
Al Watany Bank of Egypt (AWB) portfolio of loans and credit facilities witnessed a slight increase of EGP 122.4 million, registering EGP 7.2 billion at the end of 2012, compared to EGP 7.1 billion at the end of 2011, according to the bank’s financial statements which attributed such slight increase to the bank’s cautious policy in offering loans to customers having strong solvency.
The bank’s balances held by the Central Bank of Egypt (CBE) fell 22.8% (EGP 348.1 million) to reach EGP 1.17 billion at the end of 2012, compared to EGP 1.52 billion at the end of 2011.
The bank’s business results showed that the bank’s balances held by other banks surged 22.8% (EGP 275.5 million), registering EGP 1.48 billion at the end of 2012, compared to EGP 1.20 billion at the end of 2011.
The bank’s investments portfolio registered EGP 7.4 billion at the end of 2012, of which the value of investments in T-bills accounted for 65.1% (EGP 4.84 billion) and investments in T-bonds accounted for 33.4% (EGP 2.4 billion) at the end of 2012.
The bank’s assets registered EGP 17.9 billion at the end of 2012, compared to EGP 16.4 billion at the end of 2011, registering an increase of 8.9% (EGP 1.4 billion).
