Corporates account for 74% of aiBANK customer loans by June-2023 end

The financial statements of the Arab Investment Bank- aiBANK, ending in June 2023, revealed that corporates hold 74% of the bank's customer loans and facilities portfolio by the end of June 2023.

Total portfolio of corporate loans in the bank increased by a growth rate of 12%, amounting to EGP 1.796 bn during the first half of the current year, reaching approximately EGP17.308 bn by the end of June 2023, compared to EGP 15.512 bn at the end of December 2022.

Total direct loan portfolio of the bank increased by a growth rate of 21.26% during the first half of this year, reaching about EGP14.249 bn by the end of June 2023, compared to EGP 11.751 bn at the end of December 2022, with an increase of about EGP2.498 bn.

Syndicated loan portfolio of the bank increased by a growth rate of 4.35% and an increase of EGP84 mn during the first half of the current year, reaching about EGP2.014 bn by the end of June 2023, compared to EGP1.930 bn at the end of December 2022.

 It's worth mentioning that the total customer loans and facilities increased by a rate of 12.14%, with an increase of about EGP 2.531 bn, reaching EGP23.388 bn by the end of June 2023, compared to EGP20.857 bn at the end of December 2022.