alBaraka Bank's retail financing grows by 60%, reaching EGP 6.92 bn At 9M-2023
First Bank
According to the financial statements of alBaraka Bank -Egypt ending on September of the current year, revealed that Retail loan portfolio increased by EGP 2.60 bn, marking a 60.1% growth during the first 9M - 2023.
Retail loans portfolio reached EGP 6.92 bn by the end of September 2023, compared to EGP 4.32 bn by the end of December 2022.
Personal loans grew by 78.2%, totaling EGP 6.66 bn at the end of September 2023, compared to EGP 3.74 bn at the end of December 2022, with an increase o EGP 2.92bn.
Additionally, the total credit card portfolio grew by 35.6%, reaching EGP 40.29 mn at the end of September 2023, compared to EGP 29.71 mn at the end of December 2022, with an increase of EGP 10.58mn While Total Mortgage loans portfolio at the bank recorded EGP 218mn during the same period.
It is worth mentioning that the total Financing and facilities to customers in the bank increased by 15.8%, and an increase of EGP 5.59bn reaching EGP 40.94 bn at the end of September 2023, compared to EGP 35.35 bn at the end of December 2022.
