Corporate loans at Emirates NBD grow by 21%, recording EGP 40.9 bn At 9M- 2023
First Bank
The separate financial statements of Emirates NBD Egypt, ending in last September, revealed a total increase in corporate loans by 21%, and an increase of EGP 7 bn during the first 9M of the current year.
The total portfolio of corporate loans in the bank reached approximately EGP 40.9 bn by the end of September 2023, compared to EGP 33.9bn by the end of December 2022, accounting for 74.8% of the total customer loans.
Additionally, direct loan portfolio of the bank increased by 11%, reaching about EGP 12.9 bn by the end of September 2023, compared to EGP 11.6 bn by the end of December 2022, an increase of EGP 1.3 bn.
Furthermore, syndicated loan portfolio of the bank increased by 1.1% with an increase of EGP 49 mn during the first 9 months of the current year, reaching approximately EGP 4.54 bn by the end of September 2023, compared to EGP 4.49 bn by the end of December 2022.
Total loans and facilities for customers increased by 17.8%, reaching EGP 54.7 bn by the end of September 2023, compared to EGP 46.4 bn by the end of December 2022, an increase of EGP 8.3 bn.
