Bank Audi Egypt Doubles Profits to EGP212 mln by June-End

Bank Audi Egypt has doubled its net profit to EGP 212.3 million at the end of last June, compared to EGP 102.9 million at the end of December 2012, registering an increase of 106%.

The bank’s loans and credit facilities surged to EGP 10.1 billion at the end of last June, compared to EGP 9.4 billion at the end of last December 2012, registering an increase of 7.8%.

The bank’s deposit portfolio rose to EGP 17.5 billion at the end of last June, compared to EGP 16.2 billion at the end of last December 2012, reporting an increase of 8.2%.