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[2008-05-18] Net profit rose by 57.9% "Bank of Alexandria Pursues Registering Good Financial Results (during the first quarter of 2008)"
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Year: 2008 Month: January February March April May June July August September October November December
Net profit rose by 57.9% to attain EGP 323.3m during the first quarter of 2008 versus EGP 204.8m during the same period of the preceding year. The Bank managed to realize on 31/3/2008 a notable growth rate of 25.9% in its total assets to reach EGP 38.9bn. The Bank's efforts in innovating various savings schemes with competitive advantages yielded an increase of 23.5% in customers' deposits to attain EGP 31.5bn. The Bank realized on 31/3/2008 a positive growth rate of 7.9%(EGP 12.3 bn.) in total loans and advances extended to customers and banks if compared to the same period of the preceding year.