Egyptian Gulf Bank Attains EGP190 mln Profits at 2013

The Egyptian Gulf Bank (EGB) attained EGP190.1 million net profits at the end of the last fiscal year compared to EGP139.2 million at 2012-end, move up by 36.5% (EGP50.8 million ).

EGB is aiming to allure EGP1 billion deposits within the current year to achieve EGP8.7 billion by the end of 2014 against around EGP7.7 billion n the last year, targeting to boost the loan portfolio which estimated at EGP1 billion.

The bank is seeking to inch its capital by EGP1.5 billion during three years according to the previous statements of Mohamed al-Ettreby, managing director of EGB to Amwal Al Ghad.