ADCB Egypt Corporate loans grow by 19%, reaching EGP 35.1 Bn by June-2024 end

The separate financial statements of ADCB Egypt, ending on last June 30, have revealed a growth rate of 18.92% in the portfolio of corporate loans, achieving an increase of EGP 5.58bn during the first Half the current year.

Total portfolio of corporate loans in the bank reached around EGP 35.09 bn by the end of June 2024, compared to EGP 29.51 bn by the end of December 2023.

Total portfolio of Syndicated loan jumped by 63.46%, with an increase of EGP 1.20 bn during the first 6M of the current year, reaching EGP 3.08 bn by the end of June 2024, compared to EGP 1.88 bn by the end of December 2023.

Direct loans portfolio witnessed a growth rate of 25.33% with an increase of EGP 5.01 bn during the first half of 2024, recording around EGP 24.81 bn by the end of June 2024, compared to EGP 19.71bn by the end of December 2023, Debit current accounts portfolio in the bank reaching a value of EGP 7.19bn by the end of June 2024.

It is worth mentioning that the total customer loans and facilities at the bank recorded about EGP 44.56bn by the end of June 2024, compared to EGP37.79bn by the end of December 2023, to grow by 17.91% and achieve an increase of EGP 6.77bn during the first half of the current year.