EBank personal loans grow by 18.3%, recording EGP 7.5 bn during Q1-2024

The financial statements of EBank for the period ending on March 31, 2024, revealed that Total personal loans portfolio at the bank rose to EGP 7.49 bn at the end of March 2024, compared to EGP 6.33 bn at the end of December 2023, representing a growth rate of 18.32% and an increase of EGP 1.16 bn.

Total retail loans portfolio increased by 14.53% and an increase of EGP 1.12 bn during the first quarter of this year. It rose to EGP 8.83bn at the end of March 2024, compared to EGP 7.71 bn at the end of December 2023.

The size of the bank's credit cards jumped by 22%, with an increase of EGP 37 mn during the first 3 months of 2024, moving from EGP 169.7 mn by the end of December 2023, to reach EGP207.1mn by the end of March 2024.

In addition, the bank's portfolio of Mortgage loans surged by 11% during the first quarter of the current year, to record EGP 930 mn by the end of March 2024, compared to EGP 838 mn by the end of December 2023.

It is worth noting that the total customer loan portfolio rose by 16.03% and an increase of EGP 8.76 bn during the first quarter of the current year, reaching EGP 63.37bn by the end of March 2024, compared to EGP 54.62bn by the end of December 2023.