Blom Bank Egypt Reports EGP 81 Mln Profit in H1/2013

Blom Bank Egypt achieved profit of EGP 81.3 million by the first half of 2013, compared to EGP 30.7 million during the same period a year earlier, representing an increase of 165.1% or EGP 50.6 million.

The bank’s total assets hiked to EGP 10.7 billion by H1/2013, compared to EGP 10.3 billion by H1/2012, with an increase of 4.9% (EGP 513 million).

The bank’s deposit portfolio rose to EGP 8.8 billion at the end of last June, compared to EGP 8.3 billion at the end of last December 2012, reporting an increase of 6.8% (EGP 558.9 million).

The bank’s loans and credit facilities surged to EGP 2.839 billion at the end of last June, compared to EGP 2.811 billion at the end of last December 2012, registering an increase of 1.01% (EGP 28.5 million).

Moreover, the bank’s investments in treasury bills and bonds and other government securities fell to EGP 1.701 billion at the end of last June, opposed to EGP 1.779 billion at the end of December 2012, registering a decline of 4.4% (EGP 78.1 million).