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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Egyptian Gulf Bank (البنك المصرى الخليجى)

Main Activities: Banking and Credit Intermediation - Investment Brokerage and Other Financial Investments

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Company Information

Full name
Egyptian Gulf Bank (البنك المصرى الخليجى)

Headquarters
El Orman Plaza Building 8 , 10 Ahmed Nessim St.,; Giza; Greater Cairo; 56 El-Orman
Status: Listed
Legal Form: Joint Stock Company
Operational Status: Operational
ISIN CODE : EGS60182C010
Financial Auditors: "Waheed Abd El Gafar Baker Tilly, Ernst & Young" (2010)
Incorporation Date: October 14, 1981

Tel: +2 02 333 683 59 - +2 02 333 683 57

Company Description

Egyptian Gulf Bank (EGB) was established in 1981, under the investment law 43/1974 and its amendment by Egyptian & Arab businessmen through an EGP 100 million mutual fund. It is a financial institution that provides banking and financial services to individuals and corporate clients. The Bank offers its services through diverse divisions, including Retail, Corporate, Islamic and Investment. It was listed on Cairo and Alexandria Stock Exchange on 17/11/1983.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 4.76%, from EGP 431,603.24 thousands to EGP 452,135.41 thousands. The results of the period decreased -65.69% reaching EGP 51,977.53 thousands at the end of the period against EGP 151,495.26 thousands last year. Return on equity (Net income/Total equity) went from 14.55% to 4.98%, the Return On Asset (Net income / Total Asset) went from 2.43% to 0.78% and the Net Profit Margin (Net Income/Net Sales) went from 35.10% to 11.50% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 536.69% compared to 497.65% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.97 to 0.96 when compared to the previous year.

Key Executives

Khaldon Bakry Barkat Chariman
Mohame Gamal Aldin Mohamed Vice Chairman
Omar Abd Al Aziz Alsesy MD - Managing Director
Ahmed Shawky Farid "Rep from Misr Insurance" BOD - Board of Directors
Jawad Ahmed Abo Khamseen BOD - Board of Directors
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Balance Sheet

Total Assets

6,651,014

6,221,861

Current Assets

5,256,305

4,746,208

Total Liabilities

5,606,397

5,180,812

Shareholders Equity

1,044,617

1,041,049

Current Liabilities

5,473,492

4,897,464

* All the accounts are in EGP.
Income Statement

Total Operating Revenue

452,135

431,603

Net Profit (Loss)

51,977

151,495

* All the accounts are in EGP.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.78%

2.43%

Annualised Return on Assets (ROA)

0.78%

2.43%

Return on Equity (ROE)

4.98%

14.55%

Annualised Return on Equity (ROE)

4.99%

15.22%

Return on Sales (ROS)

11.5%

35.1%

Gross Profit Margin

100%

100%

Efficiency Ratios

Current asset turnover

0.09x

0.09x

Fixed-asset turnover

0.32x

0.29x

Asset Turnover

0.07x

0.07x

Valuation figures and ratios

Enterprise value

5,274,762

4,905,056

Bookvalue (BV)

1,044,617

1,041,049

Net Cash

-4,970,470

-4,614,778

Liquidity Ratios

Current Ratio

96.03%

96.91%

Quick ratio

96.03%

96.91%

Doom's day ratio

11.62%

11.56%

Cash Flow to Debt

8.3%

4.62%

Leverage Ratios

Leverage ratio

636.69%

597.65%

Debt to equity

536.69%

497.65%

Debt to total assets

84.29%

83.27%

Long Term Debt to Capital

11.29%

21.39%

Market ratios

Market Cap / Net cash

-0.06

-0.06

Trend Ratios

Revenue Trend

104.76%

267.65%

Net Income Trend

34.31%

301.13%