Bank Misr Iran Attains EGP97mln Profits in Q1 of 2014

Bank Misr Iran registered EGP97 million profits during the first quarter of this year, against EGP86 million within the same quarter of 2013.

The bank is aiming to achieve EGP300 million net profits in the current year, Amr Tantawy the Chairman and the Managing Director quoted Amwal Al Ghad Arabic’s Website.

Misr Iran became compatible with the standards of “Basel 2, after rising the issued and the paid up capitals to EGP1 billion in compared to EGP714 million, Tantawy noted.

Moreover, the bank achieved inch by 54% profits in 2013, against EGP215 million during 2012-end.