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 $255.98M.
Bank Audi Egypt – Financials 2016
in USD | 2015 | 2016 | YOY |
Loans and Facilities to Customers | 1,016,322,517 | 1,648,315,106 | 62.18% |
Total Assets | 2,051,576,680 | 3,036,412,901 | 48.00% |
Customers’ Deposits | 1,764,965,748 | 2,507,610,780 | 42.08% |
Total Equity | 164,673,035 | 255,977,586 | 55.45% |
Net Profit for the Year | 32,283,985 | 103,706,945 | 221.23% |
(*) Conversion from EGP to USD done on the basis of 1$ = 18.16 EGP
Source: Bank Audi