BLOM Bank-Egypt’s net income hits EGP222mn in 1Q17, doubling Y-o-Y
BLOM Bank-Egypt’s net income hit EGP222mn in 1Q17, doubling Y-o-Y. The bank’s net loans grew 2% Q-o-Q to EGP8.8bn (45% Y-o-Y), while deposits grew by 7% Q-o-Q to EGP26bn by end of March 2017 (43% Y-o-Y).
BLOM: USD11.85 as of 01 Jun 2017, Rating: Buy, TP: USD14.00/share, MCap: USD2,548mn, BLBD LB/BLBDF.BY
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