CIB increases its Total Customer Loans Portfolio to 122% in 5 Years
Mai El-Kafoury
Commercial International Bank managed to achieve significant growth in its total customer loans over the last 5 years, jumping its portfolio by 121.97% during last 5 years, reaching EGP 265.1 bn by the end of December 2023, compared to EGP 119.4 bn by the end of 2018, with an increase of EGP 145.7 bn.
Tracking its journey over the period under analysis, we find the highest growth rate achieved by the portfolio, and the highest increase was in 2022, rising by about 34.06% on an annual basis, to EGP 218.6 bn by the end of the year, compared to EGP 163.1 bn by the end of 2021, with an estimated increase of about EGP 55.5 bn.
The second highest growth rate and the second highest increase in the portfolio in 2023. The Bank's total customer loans jumped by EGP 46.5 bn, registering EGP 265.1 bn by the end of last year, compared to EGP 218.6 bn by the end of 2022, with a growth of 21.26% on an annual basis.
As for CIB's directions in granting customer loans, the Bank has a significant tendency to corporate loans in comparison to retail loans. Corporate loans accounted for about 77.34% of its total customer loans by the end of 2023. This percentage shows their relative stability during the period under analysis, accounting for 80.55% by the end of 2018.
Retail loans accounted for 22.66% of the bank's total loans by the end of 2023, compared to 19.45% by the end of 2018.
The Bank's loans of the retail banking sector has jumped by 158.52% over the past five years, reaching EGP 60 bn by the end of 2023, up from EGP 23.2 bn by the end of 2018, with an increase of EGP 36.8 bn.
The Bank's corporate loans rose by 113.1% during the period under analysis, reaching EGP 205 bn by the end of 2023, compared to EGP 96.2 bn by the end of 2018, with an increase of EGP 108.8 bn.
