Misr Iran Development Bank’s standalone income statement that it achieved net profit of EGP 215.4 million at the end of 2012, compared to EGP 184 million at the end of 2012, registering a growth rate of 17%.
The bank’s pre-income-tax profit rose 25.2% to reach EGP 245.4 million at the end of last year, compared to EGP 196.1 million at the end of 2011.
The bank’s standalone budget show that the bank’s investments in government debt instruments surged to EGP 1.2 billion at the end of 2012, compared to EGP 867.9 million at the end of 2011.
The bank’s portfolio of loans and credit facilities fell 1.1% to reach EGP 3.7 billion at the end of 2012, compared to EGP 3.8 billion at the end of 2011. The bank’s deposit portfolio slightly rose by 0.4% to reach EGP 6.18 billion at the end of 2012, compared to EGP 6.16 billion at the end of 2011.
