Egypt's Bank of Alexandria, a subsidary of Italy's Intesa Sanpaolo, said net profit for 2009 rose 29% to 524.5 million Egyption pounds, Egypt's official Middle East News Agency has reported. The loan portfolio of the bank rose 23% in the year to Dec. 31 to 16 billion pounds, the agency quoted its chairman, Mahmoud Abdel Latif, as saying.
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