EBank corporate loans grow by 16.3%, reaching EGP 54.5bn during Q1-2024

The financial statements of EBank, ending in March 31 2024, revealed that corporate loan portfolio of the bank increased with a growth rate of 16.23%, an increase of EGP 7.6 bn during the first quarter of the current year.

The total portfolio of corporate loans in the bank reached approximately EGP 54.5 bn by the end of March 2024, compared to EGP 46.9 bn by the end of December 2023, accounting for 86.06% of the total customer loans.

The bank's Syndicated loans surged by 20.6% to record EGP 9.1bn by the end of March 2024 compared to EGP 7.5bn by the end of December 2023, with an increase of EGP1.6bn.

Debit current accounts portfolio in the bank experienced a growth of 17.7%, with an increase of EGP 5.2 bn during the first quarter of this year, reaching a value of EGP 34.8bn by the end of March 2024, compared to EGP 29.6 bn by the end of December 2023.

Additionally, direct loan portfolio of the bank increased with a growth rate of 8.6%, reaching EGP 10.7 bn by the end of March 2024, compared to EGP 9.8 bn by the end of December 2023, an increase of EGP 846 mn.

Total loans and facilities for customers increased by 16%, reaching EGP 63.4 bn by the end of March 2024, compared to EGP 54.6 bn by the end of December 2023, an increase of EGP 8.8bn.