Bank Audi Egypt’s Net Profit Up by 39.77% y-o-y in H1 2016
According to AUDI Bank Egypt’s income statement, the bank’s consolidated net income reached $46.55M in June 2016, 39.77% higher than the same period last year. Also, Net interest income and net fees and commission income observed respective rises of the 35.93% to $72.46M and the 14.17% to $17.81M.
On the balance sheet, total assets grew 8.96% year-to-date (y-t-d) to $4.47B, as of June 30, 2016.
Loans and advances to customers also increased by 22.11% to reach $2.48B
Customers’ deposits broadened by 7.67% y-t-d to $3.80B in H1.
As for shareholders’ equity, it grew 8.72% to $357.62 by June 2016.
Bank Audi Egypt Financial Results H1 (in $M)
| Jun-16 | Dec-15 | % change | |
| Net Profit | 46.55 | 33.31* | 39.77% |
| Total Assets | 4,465.41 | 4,098.23 | 8.96% |
| Customer Deposits | 3,796.04 | 3,525.70 | 7.67% |
| Shareholders’ Equity | 357.62 | 328.95 | 8.72% |
| Loans and Advances to customers | 2,479.15 | 2,030.21 | 22.11% |
(*) June 2015 figure
Source: BSE
