Bank Audi Egypt’s Loans, Credit Facilities 19% Up At End-2012

Bank Audi Egypt’s portfolio of loan and credit facilities surged EGP 1.5 billion (19.1%) to reach EGP 9.3 billion at the end of 2012, compared to EGP 7.8 billion at the end of 2011.

Bank Audi’s business results showed that the bank’s investments in treasury bills and bonds fell EGP 1.1 billion (24.9%) to reach EGP 3.4 billion at the end of last year, compared to EGP 4.6 billion at the end of 2011.

The bank’s deposit portfolio rose EGP 520.6 million (3.3%) to reach EGP 16.2 billion at the end of 2012, compared to EGP 15.6 billion at the end of 2011.

The bank’s net profit hiked EGP 123.5 billion (96.9%) to reach EGP 251.07 million at the end of 2012, compared to EGP 127.4 billion at the end 2011.

The value of the bank’s assets reached EGP 18.8 billion at the end of 2012, compared to EGP 17.7 billion at the end of 2011, registering an increase of 6.1% (EGP 1.09 billion).

The bank’s funds and balances held by the Central Bank of Egypt dropped EGP 80.02 million (7.7%) to reach EGP 951.5 million at the end of 2012, compared to EGP 1.03 billion at the end of 2012. The bank’s balances held by other banks fell by EGP 1 billion (35.5%) to reach EGP 1.8 billion at the end of 2012, compared to EGP 2.8 billion at the end of 2011.

Comments
Loading...