aiBANK’s Corporate loans grow by 9.1% during Q1-2024, recording EGP 16.6 bn
First Bank
aiBank's seperate financial statements ended March 31 revealed that the Bank's corporate loans portfolio grow by 9.1% and an increase of EGP 1.38 bn during Q1 of this year, reaching EGP 16.64 bn by the end of March 2024, compared to 15.26 bn by the end of December 2023.
The bank's total syndicated loan portfolio jumped at a growth rate of 14.9% and an increase of EGP 495.1 mn during Q1 of this year, registering about EGP 3.83 bn by the end of March 2024, compared to 3.33 bn by the end of December 2023.
The bank's total direct loan portfolio amounted to EGP 12.45 bn by the end of March 2024, compared to EGP 11.47 bn by the end of December 2023, to grow by 8.5% and achieve an increase of EGP 980.2 mn during Q1 of this year.
The Bank's total customer loans and facilities were about EGP 25.14 bn by the end of March 2024, compared to 22.76 bn by the end of December 2023, growing by 10.4% and achieving an increase of EGP 2.37 bn during Q1 of this year.
