Ahli United Bank Egypt Targets To Increase Retail Loans By EGP 150 Mln In 2013

Ahli United Bank – Egypt targets to raise the value of its retail loan portfolio by EGP 150 million to reach EGP 350 million in 2013.

Sources said the bank plans to achieve this increase through launching four new products in order to attract more customers, but they declined to reveal details about the new products until being fully finalized.

The retail loan portfolio reached to EGP 200 million at the end of 2012, exceeding the bank’s target of EGP 150 million, thanks to the bank’s expansion in offering personal loans.

It is worth mentioning that Ahli United Bank – Egypt aims at launching five new branches to reach 36 branches in 2013.