Profits of Bank Audi’s Egyptian Subsidiary Up to $103.71M in 2016

According to the statement of income of Bank Audi’s Egyptian subsidiary, net profit for the year 2016 rose from $32.28M in 2015 to $103.71M in 2016. Net interest income and net income from fees and commissions both rose by annual rates of 36% and 49% to reach $82.12M and $23.78M in 2016, respectively.

The subsidiary’s balance sheet revealed a 48% annual surge in total assets to $3.04B with loans and facilities to customers rising by a yearly 62.18% to $1.65B.

Customers’ deposits increased by an annual 42.08% to $2.51B while total equity rose by an annual 55.45% to $255.98M.

Bank Audi Egypt – Financials 2016

 in USD20152016YOY
Loans and Facilities to Customers            1,016,322,517       1,648,315,10662.18%
Total Assets            2,051,576,680       3,036,412,90148.00%
Customers’ Deposits            1,764,965,748       2,507,610,78042.08%
Total Equity               164,673,035          255,977,58655.45%
Net Profit for the Year                 32,283,985          103,706,945221.23%

(*) Conversion from EGP to USD done on the basis of 1$ = 18.16 EGP

Source: Bank Audi

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