AWB reports 7.3% growth in H1 income

Egypt: The National Bank of Kuwait Group (NBK) has said its Al-Watany Bank of Egypt (AWB) subsidiary has posted a 7.3% rise in net profits in the first half of 2013 to EGP173.2m, compared with EGP161.4m in the same period last year, Kuwait Times has reported. Total assets increased to EGP18bn from EGP17.4bn at the end of June 2012, while customers’ deposits grew 19% year-on-year to EGP15.1bn. []

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