Bank Audi Egypt’s Net Profit Hit EGP296 mln in 9 Months

Bank Audi S.A.E. – a member of Audi Saradar Group with operations across the MENA region – has reported a 9-month net profit of EGP 296.2 million, against EGP 179.832 million by the end of September 2012.

The bank’s loans and credit facilities surged by EGP 570.3 million to EGP 9.965 billion at the end of September 2013, compared to EGP 9.395 billion at the end of September 2012.

Bank Audi Bank’s financial statements also showed that the bank’s deposit portfolio has increased by EGP 2.7 billion to EGP 18.925 billion at the end of last September, opposed to EGP 16.217 billion for the same comparable period.

Furthermore, the bank’s total assets grew by EGP 19.70 billion to EGP 21.595 billion by September-end of 2013, versus EGP 18.888 billion by September-end of 2012.