Bank Audi Egypt’s Loans Hit EGP 9 Bln At End Of Q3

Bank Audi Egypt’s portfolio of loans and credit facilities witnessed a remarkable increase of 15.3%, registering EGP 9.094 billion at the end of last September, compared to EGP 7.882 billion at the end of 2011.

The bank’s financial statements showed that the deposits portfolio retreated by 6.3%, registering EGP 14.7 billion at the end of last September, compared to EGP 15.7 billion at the end of last year.

The bank’s net profit surged by 111% in the first nine months of 2012, registering EGP 179.8 million at the end of Q3, compared to EGP 85.2 million at the end of 2011.