Bank Audi S.A.E, the bank’s Egyptian subsidiary, recorded a profit of $23.85 M in Q1 2015, a 63.18% year-on-year (y-o-y) increase. In detail, net interest income increased by 19.43% y-o-y to settle at $30.34M, while net income from fees and commission surged by 41.83% y-o-y to reach $8.69M.
As for total assets, they increased by an annualized 39.15% to $4.49B as loans and facilities to customers (constituting 38.16% of total assets) rose by 23.76% to $1.72B.
On the liabilities side, customers’ deposits (constituting 95.92% of total liabilities) and total shareholders’ equity registered yearly upturns of 41% and 21.02% to $4.01B and $313.81M respectively.
Bank Audi (S.A.E) Q1 2015 Financial Highlights
15-Mar | 14-Mar | % change | |
Customer’s Deposits | 4,011.09 | 2,844.80 | 41.00% |
Loans and Facilities to customers | 1,715.65 | 1,386.25 | 23.76% |
Total Assets | 4,495.37 | 3,230.64 | 39.15% |
Net Profit | 23.85 | 14.62 | 63.18% |
Shareholders’ Equity | 313.81 | 259.30 | 21.02% |
Source: Company Data