Egypt’s Blom Bank Profits Surge to EGP197.8mn in September

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Egypt’s Blom bank achieved EGP197.89million profits in September 2014 in compared to EGP109.837 million in September 2013.

The bank’s profits inched to EGP31.625 million in compared to EGP28.457 million at the end of the third quarter of 2013, move up by EGP7.9 billion growth rates.

Blom bank’s financial statements revealed that deposits increased to EGP11.409 billion in September 2014 against EGP9.728 billion in 2013, move up by EGP1.68 billion.

The bank’s total value of assets surged to EGP13.370 billion in September 2014 in compared to EGP11.628 billion in 2013, move up by EGP1.7 billion.

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