EGB’s Loan Portfolio Up To EGP 3.2 Bln In H1 2012

The Egyptian Gulf Bank’s (EGB) portfolio of loans, credit facilities and murabahas registered EGP 3.241 billion at the end of the first half of 2012, up from EGP 3.227 billion at the end of 2011, with an increase of 0.4%.

The individual loans accounted for EGP 607 million, or 16.2%, of the portfolio, while the loans offered to institutions including small economic projects accounted for EGP 3.130 billion, or 83.8%, of the portfolio, according to the bank’s financial statements.

The personal loans stood at 89.1%, real estate loans acquired 8.3% and credit cards accounted for 2.6% of the individual loan portfolio.

The loan-to-deposit ratio stood at 54.3% as the deposit portfolio reached EGP 5.967 billion at the end of June 2012, up from EGP 5.472 billion at the end of December 2011, with an increase of 9%.

The bank’s investments in treasury bills and securities rose by 92%, registering EGP 904.8 million at the end of June 2012, up from EGP 471.1 million at the end of December 2011.

The bank’s profit surged by 71.6%, registering EGP 76.594 million at the end of the first half of 2012, up from EGP 44.636 million at the end of 2011.