Arab African International Bank’s 9-Month Net Profit 16.2% Up

The Arab African International Bank’s (AAIB) net profit rose by US$ 15.4 million (16.2%) in the first nine months of 2012, to reach US$ 110.9 million at the end of September, compared to US$ 95.5 million at the end of 2011.

The bank’s loan and credit facility portfolio surged by US$ 408,000 (0.012%), registering US$ 3.477 billion at the end of last September, compared to US$ 3.476 billion at the end of last year.

The bank’s financial statements showed that the deposit portfolio was up by US$ 158.4 million (26.8%), registering US$ 749.9 million at the end of Q3 of 2012, compared to US$ 591.5 million at the end of last year.

The bank’s investments in treasury bills witnessed a noticeable increase of US$ 765.8 million, registering US$ 1.95 billion at the end of last September, compared to US$ 1.91 billion at the end of 2011.

The bank’s balances and funds held by the Central Bank of Egypt (CBE) rose by US$ 45.3 million (21.4%), registering US$ 257.3 million at the end of last September, compared to US$ 212.03 million at the end of 2011.

The bank’s balances held by other banks climbed by US$ 344.1 million, registering US$ 1.61 billion at the end of last September, compared to US$ 1.95 billion at the end of 2011.