EBank Tops fastest growing banks in mortgage loans

EBank significantly expanded in granting mortgage finance during the past year, showing that its mortgage loans portfolio rose by 71.9%, reaching EGP 731.9 mn by the end of September 2023, compared to 425.8 mn by the end of December 2022, with an increase of EGP 306.1 mn.

Thanks to this strong growth, EBank has topped First Bank list of the fastest growing banks in mortgage loans during the first 9M-2023.

EBank has been performing strongly since the start of last year, rising its net profits by 128.4% during the first 9M-2023, reaching EGP 2.2 bn from January to September 2023, compared to EGP 944 mn during the same period last year, with an increase of EGP 1.2 bn.

Net fees and commissions income rose by 219.5%, registering EGP 1.1 bn in the first 9-2023, compared to EGP 335.4 mn during the same period of 2022, with an increase of EGP 736.2 mn.

Net interest income jumped to EGP 3.8 bn during the first 9-2023, compared to EGP 2.1 bn during the same period of 2023, with a growth of 82.4% and an increase of EGP 1.7 bn.

The bank's assets rose by EGP 13.4 bn, reaching EGP 110.2 bn by the end of Q3-2023, compared to EGP 96.8 bn by the end of 2022, with growth of 13.9%.

Net customer loans jumped by 20.9%, registering EGP 52 bn by the end of September 2023, compared to EGP 43 bn by the end of 2022, with an increase of EGP 9 bn.

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