Barclays Bank Egypt’s Net Profit 301.8% Up

Barclays Bank Egypt achieved net profit of EGP 368.4 million as of the end of 2012, compared to EGP 91.6 million at the end of 2011, registering an increase of 301.8% (EGP 276.7 million).

The bank’s financial statements show that the portfolio of loans and credit facilities surged 9.03% (EGP 508.4 million) to reach EGP 6.1 billion at the end of 2012, compared to EGP 5.6 billion at the end of 2011.

The bank’s investments in treasury bills fell 10.4% (EGP 651.2 million) to reach EGP 5.5 billion at the end of last year, compared to EGP 6.2 billion at the end of 2011.

Barclays Bank’s assets reached EGP 17.8 billion at the end of 2012, compared to EGP 16.7 billion at the end of 2011, registering a growth rate of 6.3% (EGP 1.06 billion).

The bank’s deposit portfolio rose 2.03% (EGP 290.3 million) to reach EGP 14.5 billion at the end of 2012, compared to EGP 14.2 billion at the end of 2011.