Egypt’s ABC Bank Hits EGP 56.9 mln Profits Within 6 Months

Arab Banking Corporation (ABC) Bank has hit a record around jumping to EGP 34.7 million, move up by EGP 56.9 million profits within 6 months in compared to EGP 22.3 million in 2012.

The deposits of customers hit a record around EGP 416.6 million (8.1%), so the volume of portfolio up EGP 5.1 billion by June 2013, compared to EGP 4.7 billion in December 2012.

While the portfolio of loans and banks facilities fell by 9.3% to move up by EGP 1.9 billion in June 2013 in compared to EGP 2.1 billion in December 2012.

The total investments of ABC bank in the treasury bills has hit a record around jumping to EGP 57.2 million , move up by EGP 1.7 billion in June 2013 compared to EGP 1.6 billion in December 2012.

The total assets of the bank up around EGP 6.841 billion in the same period, recording EGP 585.4 million compared to EGP 6.256 billion in December 2012.

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