Bank Audi Egypt’s Net Profit Hit EGP 121.7 Mln At End-March

Bank Audi Egypt reported net profit of EGP 121.7 million at the end of last March, compared to EGP 35.9 million at the end of March 2012, registering an increase of EGP 85.8 million (239%).

The bank’s investments in treasury bills and bonds have contributed to raising profit as investing in these instruments achieved return of EGP 211.7 million at the end of the first quarter of 2013, compared to EGP 130.4 million at the end of the first quarter of 2012.

The return from deposits and current accounts fell to EGP 9.2 million at the end of last March, compared to EGP 11.4 million at the end of March 2012.

The return from customers’ loans reached EGP 252.2 million at the end of last March, compared to EGP 208.3 million at the end of March 2012.