aiBank's retail loans grow by 40.5%, reaching EGP 7.5 bn during 2023
First Bank
The financial statements of aiBank, 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 40.5% during 2023, amounting to an increase of EGP 2.16 Bn.
The size of the bank's portfolio of Retail loans reached EGP 7.51 bn by the end of December 2023, compared to EGP 5.35 bn by the end of December 2022.
Contributing to this growth, aiBank's personal loans rose by 45.5% and witnessed an increase of EGP 1.92 bn during the last year to record EGP 6.14bn by the end of December 2023, compared to EGP 4.22bn by the end of December 2022.
The size of the bank's credit cards increased by 110.23%, with an increase of EGP 42.2 mn during the last year, moving from EGP 38.3 bn by the end of December 2022, to reach EGP 80.55bn by the end of December 2023.
It is worth noting that the total customer loan portfolio surged by 9.14% and an increase of EGP 1.9 bn during last year, reaching EGP 22.76 bn by the end of December 2023, compared to EGP 20.85bn by the end of December 2022.
