National Bank of Egypt's total revenues for the fiscal year ending 30 June 2011 stood at LE4.2 billion, with a net profit of around LE2.1 billion.
The bank gave loans totaling LE71 billion, up LE22 billion from the year before. The bank also extended credit to 8000 clients for small and medium scale investment projects throughout the year, bringing the total size of the loan portfolio to LE8.6 billion.
The percentage of bad debts dropped to nine percent, down from 20 percent last year.
The bank said that the amount of deposits in different currencies increased since the breakout of the 25 January revolution, with total deposits in foreign currencies amounting to LE5.3 billion in June, up from LE4.4 billion last year.
Translated from Al-Masry Al-Youm
