Ahli United Bank Egypt’s Retail Loans Hit EGP 80 Mln

By Administrator On Nov 25, 2012

Ahli United Bank Egypt’s retail loan portfolio reached EGP 80 million in the first 10 months of 2012. Sources said the bank plans to inject EGP 20 million to the portfolio to reach EGP 100 million before the end of 2012.

The personal loans accounted for the largest part of the value of retail loans, sources added, noting that the bank did not expand largely in offering car loans.

Sources revealed that the bank awaits the Central Bank of Egypt’s (CBE) approval to launch three products by the beginning of 2013.

The bank has received CBE’s approval to inaugurate five new branches in 2013, increasing the number of its branches to 36 in 2013. The bank plans to launch two new branches in Nasr City and El-Obour City during the next month to reach 31 branches before the end of 2012.