BNP Paribas Egypt’s Net Profit Up 19.5% In 9 Months

BNP Paribas Egypt’s net profit surged by EGP 284 million (19.5%) to reach EGP 174.399 million at the end of last September, compared to EGP 145.920 million at the end of 2011.

The separated business results showed that the bank’s portfolio of loans and credit facilities dropped by EGP 142.887 million (2.14%), registering EGP 6.490 billion at the end of last September, compared to EGP 6.633 billion at the end of last year.

The portfolio of deposits fell by EGP 486.7 million (3.8%), registering EGP 12.336 billion at the end of Q3 of 2012, down from EGP 12.823 billion at the end of 2011.

The bank’s balances held by other banks rose by 5% to reach EGP 4.238 billion at the end of last September, compared to EGP 4.031 billion at the end of 2011.

The bank’s investments in treasury bills and government securities have witnessed a noticeable drop of 33%, as they stood at EGP 708 million at the end of Q3 of 2012, compared to EGP 1.149 billion at the end of last year.