EDBE’s Loans Portfolio Registers EGP 6.2 Bln In Q1

By Administrator On May 16, 2012

Loans credit facilities portfolio of Export Development Bank retreated 3%, or EGP 194.3 million, totaling to EGP 6.235 billion at the end of the first quarter of the current year, down from EGP 6.429 billion at the end of June 2011.

Customers’ deposits at the Bank declined 5.6% registering EGP 9.163 billion at the end of last March, down from EGP 9.79 billion for the same period of last year. The Bank’s investments in treasury bills and government securities rose to EGP 1.047 billion at the end of March, up from EGP 880.687 million at the end of June 2011, with an increase of 18.9%, or EGP 166.7 million.

The Bank’s consolidated financial statements for the period from July 1^st 2011 till March 31^st 2012 showed that the Bank’s net profit increased by 11.8% to EGP 94.700 million, up from EGP 84.689 million in the corresponding period of the previous fiscal year.