EBank's retail loans Jump by 70%, reaching EGP 7.7 bn during 2023
First Bank
The separate financial statements of EBank, for the period ending on December 31 of the last year, have revealed a growth in the bank's portfolio of retail loans by a rate of 70% during 2023, amounting to an increase of EGP 3.361 bn.
The size of the bank's portfolio of Retail loans reached EGP 7.714 bn by the end of December 2023, compared to EGP 4.54 bn by the end of December 2022.
Contributing to this growth, the bank's portfolio of personal loans increased by 67% and witnessed an increase of EGP 2.541 bn during the last year, bringing its total value to EGP 6.322 bn by the end of December 2023, compared to EGP 3.78 bn by the end of December 2022. accounting for 82.07% of the total retail loans by end of 2023.
The size of the bank's credit card portfolio increased by 160%, with an increase of EGP 411.8 mn during the last year, moving from EGP 65.3 mn by the end of December 2022, to reach EGP 169 mn by the end of December 2023.
In addition, the bank's portfolio of Mortgage loans surged by 96.72% with an increase of EGP 411.8 bn during the last year, to record EGP 837.6 bn by the end of December 2023, compared to EGP 425.8 bn by the end of December 2022.
It is worth noting that the total customer loan portfolio increased by a growth rate of 21.87% and an increase of EGP 9.800 bn during last year, reaching EGP 54.617 bn by the end of September 2023, compared to EGP 44.82 bn by the end of December 2022.
