Barclays Egypt’s Loans Rose By EGP 740 Mln In H1

Barclays Bank Egypt’s portfolio of loans and credit facilities surged by EGP 739.8 million, registering EGP 6.366 billion at the end of the first half of 2012, up from EGP 5.626 billion at the end of 2011.

The volume of deposits held by the bank declined by EGP 42.5 million, registering EGP 14.192 billion at the end of the first half of 2012, down from EGP 14.235 billion at the end of 2011.

The bank posted a net profit of EGP 145.840 million in the first half of 2012, up from 67.146 million at the end of the first half of 2011, with an increase of EGP 78.6 million.

The bank’s balances held by the Central Bank of Egypt (CBE) reached EGP 1.306 billion at the end of the first half of 2012, down from EGP 1.366 billion at the end of 2011. The bank’s balances held by other banks reached EGP 1.531 billion at the end of the first half of this year, down from EGP 1.993 billion at the end of 2011.

The bank’s investments in treasury bills retreated by EGP 71.1 million, registering EGP 6.116 billion at the end of the first half of 2012, down from EGP 6.237 billion at the end of 2011.