ADCB's Retail loans jump by 69.5% over last 4 years

Abu Dhabi Commercial Bank - Egypt has been able to achieve record growth in the size of its retail loan portfolio over the last 4 years "specifically since the Bank launched its brand in Egypt in 2020," having jumped at a growth rate of 69.51% with an increase of 4.26 billion pounds, registering 10.39 billion pounds by the end of September 2024, compared to 6.13 billion by the end of December 2020.

Tracking the growth journey of the portfolio over the period under analysis, ADCB achieved the fastest quarterly growth rate in the Bank's retail loans during the first 9 months of this year by 25.47%, after the total portfolio moved from Pound8.28 billion by the end of December 2023, to 10.39 billion by the end of September 2024, with an increase of Pound2.11 billion. 

The Bank witnessed the second fastest quarterly growth in the portfolio of retail loans in the first 9 months of 2021 at a rate of 19.27% after the value of the Bank's retail loans reached around 7.31 billion pounds by the