Bank Audi S.A.E., the Egyptian affiliate of Bank Audi S.A.L., published its unaudited financial statements conveying a 7.10% y-o-y contraction in its net after tax profits to EGP 650.82 million ($40.38 million) in the first half of 2020, down from EGP 700.55 million ($41.94 million) during that same period last year.
Bank Audi’s fully-owned Turkish subsidiary “Odeabank A.Ş.” published its unaudited financial statements, conveying a six fold annual increase in net after tax profits to TRY 64.50 million (around $9.42 million) during the first half of 2020, up from TRY 10.21 million (around $1.77 million) in the same period last year.
