Barclays Bank Egypt Attains EGP325 mln Profits in 9 Months

Barclays Bank Egypt posted net profits worth EGP 325 million during the first nine months of 2013, a senior source told Amwal Al Ghad on Wednesday.

The senior source further said Barclays Egypt had attained profits of EGP 368 million in 2012, noting that the bank is aiming to post growth nearing 20% by the end of 2014.

Barclays Egypt is targeting a marketing scheme within the upcoming period to attract new client segments, he added. The bank is planning to include new sectors so as to join the list of the 7 biggest banks in Egypt.

It is worth noting that Barclays Bank Egypt had registered an increase of 73.9% in net profit to EGP 231.924 million during the first half of 2013, compared to EGP 133.376 million posted within the same period a year earlier.