saib's corporate loans grow by 27% during Q1-2024, recording EGP 42.7 bn
First Bank
saib's financial statements ended March 31 revealed that the bank's corporate loans portfolio rose by 27.07% and an increase of EGP 9.10 bn during the first quarter of this year, reaching EGP 42.71bn by the end of March 2024, compared to EGP 33.61 bn by the end of December 2023.
The bank's total syndicated loans portfolio jumped by 43.20% and an increase of EGP 6.01bn during the first quarter of this year, registering about EGP 19.91 bn by the end of March 2024, compared to EGP13.90 bn by the end of December 2023.
Debit current accounts portfolio in the bank experienced a growth of 22.78%, with an increase of EGP 2.69 bn during the first quarter of this year, reaching a value of EGP 14.50bn by the end of March 2024, compared to EGP 11.81 bn by the end of December 2023.
The bank's total direct loans portfolio increased to EGP 7.92 bn by the end of March 2024, compared to EGP 7.59 bn by the end of December 2023, rising by 4.34% and achieve an increase of EGP 330 mn during the first quarter of this year.
It is worth mentioning that the total customer loans and facilities at the bank recorded about EGP 57.29bn by the end of March 2024, compared to EGP46.28bn by the end of December 2023, to grow by 23.80% and achieve an increase of EGP 11.01bn during the first quarter of this year.
