Bank Audi Egypt says assets grow 10.6% in 9 months

Bank Audi Egypt, part of Lebanon’s Bank Audi, reported on Wednesday a 10.6 percent growth in total assets for the first nine months of the year.

Assets have totaled 83.2 billion Egyptian pounds ($5.3 billion) at the end of September 2020, compared with 75.3 billion pounds at the end of December 2019.

Net profit before taxes also rose to 1.5 billion pounds at September-end from 1.4 billion in December.

Customers’ deposits were 73.5 billion pounds in September, compared with 65.5 billion in December.

Total loans and facilities surged to 29.2 billion pounds from 26 billion pounds in December.