AAIB’s Retail Loans Hit EGP 1.4 Bln In H1 2012

By Administrator On Jul 30, 2012

The Arab African International Bank’s (AAIB) portfolio of retail loans stood at EGP 1.4 billion at the end of the first half of 2012, up from EGP 1.2 billion at the end of last March.

Sources said the bank targets to increase the retail loan portfolio by EGP 200 million to reach EGP 1.6 billion during the current year, sources said.

The value of the bank’s car loans accounted for EGP 350 million of the total value of the bank’s retail loans, sources added.

The bank targets to offer new retail banking products such as platinum cars and direct payment cards in addition to loans for physicians and pharmacists.