ABK - Egypt Corporate loans jump by 38.3%, reaching EGP 41.9 Bn by June-2024 end
First Bank
The separate financial statements of Al Ahli Bank of Kuwait - Egypt, ending on last June 31, have revealed a growth rate of 38.32% in the portfolio of corporate loans, achieving an increase of EGP 11.62bn during the first Half the current year.
Total portfolio of corporate loans in the bank reached around EGP 41.93 bn by the end of June 2024, compared to EGP 30.32 bn by the end of December 2023.
Direct loans portfolio witnessed a growth rate of 38.76% with an increase of EGP 7.93 bn during the first half of 2024, recording around EGP 28.40 bn by the end of June 2024, compared to EGP 20.5bn by the end of December 2023.
Total portfolio of Syndicated loan jumped by 85.91%, with an increase of EGP 1.41 bn during the first 6M of the current year, reaching EGP 3.06 bn by the end of June 2024, compared to EGP 1.65 bn by the end of December 2023.
Debit current accounts portfolio in the bank experienced a growth of 27.07%, with an increase of EGP 2.19bn during the first 6 months of this year, reaching a value of EGP 10.29bn by the end of June 2024, compared to EGP 8.10 bn by the end of December 2023.
It is worth mentioning that the total customer loans and facilities at the bank recorded about EGP 60.77bn by the end of June 2024, compared to EGP47bn by the end of December 2023, to grow by 29.29% and achieve an increase of EGP 13.77bn during the first half of the current year.
