Bank Audi’s Investments In Govt. Debt Instruments Hit EGP 4.7 Bln Last March

By Administrator On May 26, 2013

Bank Audi Egypt’s loans and credit facilities offered to customers reached EGP 9.8 billion at the end of the first quarter of 2013, compared to EGP 9.4 billion at the end of the first quarter of 2012, registering an increase of EGP 409.9 million (4.4%).

The bank’s financial statements showed that its investments in treasury bills and government securities rose to EGP 4.7 billion at the end of last March, compared to EGP 3.5 billion at the end of March 2012, registering an increase of EGP 1.2 billion (34.9%).

The bank’s assets surged to EGP 20.1 billion at the end of the first quarter of 2013, compared to EGP 18.9 billion at the end of the first quarter of 2012, registering an increase of EGP 1.2 billion (6.3%).

The bank’s deposit portfolio has slightly rose to EGP 16.7 billion at the end of last March, compared to EGP 16.2 billion at the end of March 2012, registering an increase of EGP 486 million (3%).