• 10:34
  • Monday ,03 February 2014
العربية

Profits rise 8% at Egypt's largest bank

By-Ahram

Home News

00:02

Monday ,03 February 2014

Profits rise 8% at Egypt's largest bank

Egypt's largest bank saw an eight percent rise in its net income in the fiscal year 2012/13 compared to the year before, it announced on Sunday.

National Bank of Egypt made LE3.4 billion (roughly $0.48 billion) in net profits last year.
 
In addition it made gross loans of LE114 billion ($16.3 billion), a 13.2 percent increase on the previous fiscal year.
 
Deposits at the bank reached LE313 billion (roughly $45 billion) in 2012/13, a 12.2 percent rise on 2011/12.
 
The bank's full financial statement is yet to be released.
 
National Bank of Egypt serves over 6 million customers and manages some LE300 billion ($43.4 billion) in assets.