BNP Paribas Net Profit Rose EGP 30 Mln in H1

BNP Paribas Bank Egypt posted net profit after tax of EGP 111.215 million at the end of the first half of 2012, up from EGP 81.238 million at the end of the first half of 2011, with an increase of EGP about 30 million.

The bank’s portfolio of loans and credit facilities rose by EGP 218 million, registering EGP 6.851 billion at the end of the first half of 2012, up from EGP 6.633 billion at the end of 2011.

The deposits held by the bank declined by EGP 364 million, registering EGP 12.459 billion at the end of the first half of this year, down from EGP 12.823 billion at the end of 2011.

The bank’s investments in treasury bills registered EGP 562.9 million at the end of the first half of 2012, down from EGP 1.059 billion at the end of 2011.

The bank’s balances held by the Central bank of Egypt (CBE) reached EGP 1.241 billion at the end of the first half of 2012, down from EGP 1.982 billion at the end of 2011. The bank’s balances held by other banks reached EGP 4.673 billion at the end of the first half of 2012, up from EGP 4.031 billion at the end of 2011.