Bank Audi Egypt Says Net Profit Surges 11% in 9 Months

Bank Audi S.A.E. – a member of Audi Saradar Group with operations across the MENA region – revealed its business results for the first nine months of 2014, reporting 11.2% growth in net profit.

The bank posted a nine-month net profit amounting to EGP 329.504 million, compared to EGP 296.264 million a year earlier.

The increase comes triggered by a significant surge of 20.1% in returns from loans and revenues to EGP 1.73 billion from EGP 1.44 billion.