Bank Audi Egypt: 9-month net profit hits 619.3 million pounds

Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has registered nine-month net profit of 619.3 million Egyptian pounds ($32 million), its deputy chief announced Tuesday.

Mohamed Abbas Fayed further told Amwal Al Ghad that Bank Audi Egypt’s total assets had surged to 42.1 billion pounds and shareholder’s equity reached 3.41 billion pounds at the end of September 2016.

Deposits have recorded 36.2 billion pounds; while customers’ loans reached 24.3 billion pounds at end of September, the banking official said.