aiBANK's Retail loans rose by 13.2%, recording EGP 8.5 bn by the end of March 2024
The Arab Investment Bank's periodic financial statements, ended March 31, revealed the growth of retail loan portfolio at a growth rate of 13.17% and an increase of EGP 989 mn during the first quarter of this year, to register EGP 8.50 bn by the end of March 2024, compared to 7.51 bn by the end of December 2023.
The bank's credit card portfolio jumped by 45% and achieved an increase of EGP 36 mn during the first quarter of this year, registering about EGP 117 mn by the end of March 2024, compared to 81 mn by the end of December 2023.
The bank's personal loan portfolio rose by 14% and increased by EGP 859 mn in the first quarter of this year, exceeding EGP 7 bn by the end of March 2024, compared to 6.14 bn by the end of December 2023.
The size of the Bank's mortgage portfolio increased by 10.07% and an increase of EGP 107 mn during the first 3 months of the current year, registering EGP 1.17 bn by the end of March 2024, compared to 1.06 bn by the end of December 2023, while the Bank's debit current account portfolio amounted to about EGP 208 mn by the end of March.
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 the first quarter of this year.
