EBank Corporate loans grow by 16.4%, Reaching EGP 47 bn during 2023
First Bank
The separate financial statements of EBank, ending on last December 31, have revealed a growth rate of 16.44% in the portfolio of corporate loans, achieving an increase of EGP 6.62 bn during 2023.
Total portfolio of corporate loans in the bank reached around EGP 46.90 bn by the end of December 2023, compared to EGP 40.28 bn by the end of December 2022. This represents 85.88% of the total customer loan portfolio.
Debit current accounts portfolio in the bank experienced a growth of 20.64%, with an increase of EGP 5.06 bn during the last year, reaching a value of EGP 29.57bn by the end of December 2023, compared to EGP 24.51 bn by the end of December 2022.
Syndicated loan portfolio witnessed a growth rate of 11.72% with an increase of EGP 790 mn during 2023, recording around EGP 7.53 bn by the end of 2023, compared to EGP 6.74bn by the end of December 2022.
Total portfolio of direct loans increased by a growth rate of 8.56%, with an increase of EGP 773 mn during the last year, reaching EGP 9.81 bn by the end of December 2023, compared to EGP 9.03 bn by the end of December 2022.
It is worth noting that Bank’s total customer loan portfolio increased by 21.87%, with an increase of EGP 9.80 bn during the last year, reaching EGP 54.62 bn by the end of 2023, compared to EGP 44.82 bn by the end of December 2022.
