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Total property rights of National Union Bank, an Egyptian total of 4b EGP
AHMED YACOUB HEBA HABIB Published in Youm7 on 01 - 09 - 2011

The total liabilities and equity of National Union Bank, Egypt, decreased to a record of 4 billion EGP (U.S. $672 million) at the end of the first half of 2011, ending in June.
At the end of December 2010, the National Union Bank's
total liability was 4.5 billion EGP (U.S. $756 million), with a decline of about 500 million EGP (U.S. $84 million).
The total loans and credit facilities granted by the National Union Bank, Egypt declined by 5 percent in the first half of 2011, ending last June. That is a total record of 1.99 billion EGP (U.S. $334.3 million), compared to 2.1 billion EGP (U.S. $352.8 million) at the end of December 2010.
The Bank's net profit amounted to 15 million EGP (U.S. $2.5 million) after taxation in the financial period that ended June 30, compared to the 10 million EGP (U.S. $1.67 million) in the same period of last year. There is an increase of 49 percent according to the results of the Bank's business audit. The paid-up capital of the bank amounts to 637 million EGP (U.S. $107 million).

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