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NSGB reports 10% rise in Q3 net profit
- Egypt: Sunday, November 11 - 2012 at 01:04
Egyptian lender National Societe Generale Bank has said its third quarter net income rose 10%, helped by a rising loan book, Reuters has reported. Egypt's second-biggest private sector bank by market capitalisation said its quarterly net profit climbed to EGP389.5m ($64m). The bank, 77.2%-owned by Societe Generale, reported total loans of EGP37.5bn at the end of September, up 3% this year. Retail loans rose 16% and corporate loans 1%.
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