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Banque Misr attracts new assets worth 20 billion EGP

January 19, 2014

Arab Finance : Banque Misr snapped new assets worth more than 20 billion EGP during the first half of the current fiscal year 2013-2014, despite the current economic challenges and its impacts on the banking system a whole. Banque Misr's deputy chairman Mohammed Abbas Fayed said that the bank's assets rose to 240 billion EGP by the end of December 2013 , compared to 218.2 billion EGP in the previous fiscal year, by a growth rate close to 10%. He added that the bank has succeeded to attract new deposits worth 8 billion EGP , where customer deposits volume increased to 197 billion EGP compared to 187.8 billion EGP in the same period of the previous year by an increase of 4.3%, The loans also got a growth rate exceeded 5 % to achieve 52 billion EGP by the end of December last year compared to 49.4 billion EGP in June, by a net increase of 2.6 billion EGP . Source: Almal newspaper & Arab Finance editor

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Source: Arab Finance (Egypt)

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