EBank Corporate loans grow by 13.4%, reaching EGP 53.2 Bn by June-2024 end

The separate financial statements of EBank, ending on last June 30, have revealed a growth rate of 13.41% in the portfolio of corporate loans, achieving an increase of EGP 6.29bn during the first Half the current year.

Total portfolio of corporate loans in the bank reached around EGP 53.19 bn by the end of June 2024, compared to EGP 46.90 bn by the end of December 2023.

Total portfolio of Syndicated loan jumped by 22.55%, with an increase of EGP 1.70 bn during the first 6M of the current year, reaching EGP 9.23 bn by the end of June 2024, compared to EGP 7.53 bn by the end of December 2023.

Direct loans portfolio witnessed a growth rate of 12.86% with an increase of EGP 1.26 bn during the first half of 2024, recording around EGP 11.08 bn by the end of June 2024, compared to EGP 9.81bn by the end of December 2023.

Debit current accounts portfolio in the bank experienced a growth of 11.26%, with an increase of EGP 3.33bn during the first 6 months of this year, reaching a value of EGP 32.90bn by the end of June 2024, compared to EGP 29.57 bn by the end of December 2023.

It is worth mentioning that the total customer loans and facilities at the bank recorded about EGP 62.72bn by the end of June 2024, compared to EGP54.62bn by the end of December 2023, to grow by 14.84% and achieve an increase of EGP 8.10bn during the first half of the current year.