Piraeus Bank Egypt’s Loans Down To 3.9 Bln By End Of Q3

By Administrator On Dec 30, 2012

Piraeus Bank Egypt’s portfolio of loans and credit facilities dropped by 2.14% to reach EGP 3.9 billion at the end of last September, compared to EGP 4.1 billion at the end of 2011.

The bank’s retail loans accounted for 13.1% (EGP 518.9 million) and corporate finances accounted for 86.9% (EGP 3.4 billion) of loan portfolio, according to the bank’s separate financial statements.

The personal loans accounted for 54.6% (EGP 283.5 million), credit cards accounted for 24.3% (EGP 126.2 million), current accounts accounted for 16.5% (EGP 85.4 million) and mortgage loans accounted for 4.6% (EGP 23.9 million) of the portfolio of retail loans and credit facilities.

The direct corporate loans reached EGP 892.6 million and syndicated loans reached EGP 997.5 million at the end of last September.