Union National Bank Egypt Posted EGP 16.5 Mln Profit In H1

The Union National Bank – Egypt posted profit of EGP 16.5 million at the end of June 2012, up from EGP 15 million at the end of June 2011, with an increase of 10.2%.

The bank’s portfolio of loans and credit facilities rose by 13.8%, registering EGP 2.29 billion at the end of last June, up from EGP 2.17 billion at the end of December 2011, according to the bank’s financial statements.

The bank’s deposit portfolio surged to EGP 3.76 billion at the end of June, from EGP 3.31 billion at the end of December 2011, with a growth rate of 13.4%.