Barclays Egypt’s 9-Month Loans Up 16.3%

Barclays Bank Egypt’s portfolio of loans and credit facilities surged by EGP 915.7 million (16.3%), registering EGP 6.542 billion at the end of last September, compared to EGP 5.626 billion at the end of 2011.

The financial statements showed that the bank’s portfolio of deposits rose by EGP 204.4 million (1.4%), registering EGP 14.439 billion at the end of last September, compared to EGP 14.235 billion at the end of 2011.

The bank’s balances and funds held by the Central Bank of Egypt (CBE) dropped by EGP 730.9 million (53.5%), registering EGP 636.053 million at the end of Q3 of 2012, compared to EGP 1.366 billion at the end of last year.

The bank’s balances held by other banks rose EGP 133.3 million, registering EGP 2.126 billion at the end of last September, compared to EGP 1.993 billion at the end of 2011.

The bank’s investments in treasury bills fell by EGP 13.6 million to reach EGP 6.223 billion at the end of last September, compared to EGP 6.237 billion at the end of 2011.

The bank’s net profit rose by EGP 159.9 million (278.7%) during the first nine months of 2012, registering EGP 217.3 million at the end of last September, compared to EGP 57.4 million at the end of 2011.