Bank Audi Egypt’s 9-Month Retail Loans Up EGP 334.4 Mln

Bank Audi Egypt’s retail loan portfolio rose by 334.4 million (21.4%) during the first nine months of 2012, registering EGP 1.89 billion at the end of last September, compared to EGP 1.56 billion at the end of 2011.

The bank’s financial statement showed that the retail loan portfolio accounted for 20.3% of the bank’s funding portfolio which stood at EGP 9.34 billion before impairment loss allowance. The bank’s corporate loans and credit facilities including the finances offered to small enterprises accounted for 79.9% of the bank’s loan portfolio.

The bank’s portfolio of corporate loans surged by EGP 942.2 million (14.5%), registering EGP 7.44 billion at the end of Q3 of 2012, compared to EGP 6.50 billion at the end of last year.

The customers’ loans and credit facilities rose by EGP 1.21 billion, registering EGP 9.09 billion after impairment loss allowance at the end of last September, compared to EGP 7.88 billion at the end 2011.