Egypt backs Sudan sovereignty, urges end to El-Fasher siege at New York talks    Egyptian pound weakens against dollar in early trading    Egypt's PM heads to UNGA to press for Palestinian statehood    As US warships patrol near Venezuela, it exposes Latin American divisions    More than 70 killed in RSF drone attack on mosque in Sudan's besieged El Fasher    Al-Wazir launches EGP 3bn electric bus production line in Sharqeya for export to Europe    Egypt, EBRD discuss strategies to boost investment, foreign trade    DP World, Elsewedy to develop EGP 1.42bn cold storage facility in 6th of October City    Global pressure mounts on Israel as Gaza death toll surges, war deepens    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Egypt's gold prices fall on Wednesday    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt's Cabinet approves Benha-Wuhan graduate school to boost research, innovation    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Al Baraka Bank Egypt Eyes EGP 143 Mln Net Profit In 2013
Radwa Published in Amwal Al Ghad on 17 - 12 - 2012

Al Baraka Bank of Egypt targets to achieve net profit of EGP 143 million in 2013, compared to expected net profit of EGP 135 million at the end of 2012, with a growth rate of 5.9%.
The planning budget for 2013 showed that the bank plans to increase its commercial Murabaha transactions by EGP 275 million (5%) to reach EGP 5.77 billion at the end of 2013, compared to expected Murabaha transactions of EGP 5.50 billion at the end of 2012.
The bank aims at increasing the value of Mudaraba transactions by EGP 38 million (4.9%) to reach EGP 808 million by the end of 2013, compared to expected Mudaraba transactions of EGP 770 million by the end of 2012.
The bank seeks to raise the value of retail Murabaha transactions by EGP 47.5 million (5.54%) to reach EGP 904.5 million by the end of 2013, while the value of retail Murabaha is expected to reach EGP 857 million.
Al Baraka Bank also plans to increase the value of debit balances by EGP 173.5 million (21.8%) to reach EGP 967 million by the end of 2013, compared to expected value of EGP 793.5 million by the end of 2012.
The bank plans to increase the value of fixed assets by EGP 59.4 million (22.7%) to reach EGP 320 million by the end of 2013, compared to expected value of EGP 260.6 million by the end of 2012.
The bank targets to raise its funds and balances held by the Central Bank of Egypt by EGP 247.7 million (3.42%) to reach EGP 7.49 billion by the end of 2013, compared to expected value of EGP 7.24 billion by the end of 2012.
Al Baraka Bank of Egypt's results for the first nine months of 2012 showed that the bank achieved net profit of EGP 101.8 million at the end of last September, compared to EGP 89.3 million at the end of 2011.

Clic here to read the story from its source.