CIB’s mortgage finance portfolio increases to EGP1.5bln during Q1
Egypt’s largest listed bank, Commercial International Bank (CIB) said its mortgage finance portfolio has increased to record 1.518 billion Egyptian pounds by the end of March 2020.
The amount is compared to 1.33 billion pounds by the end of 2019 with an increase of 118 million pounds.
The sources added that the total amount of personal finances has exceed 21.21 billion Egyptian pounds in Q1 2020 compared to 20.219 billion in Q1 2019 increasing by 74 percent.
The banks retail banking portfolio recorded 28.430 billion pounds at the end of the first quarter of 2020, compared to 27.27 billion pounds at the end of 2019 according to its financial results.
The results indicated that the total credit card balances recorded 4.33 billion pounds at the end of March 2020, compared to 20.21 billion pounds at the end of 2019.
The total loans and credit facilities to customers were recorded at 115.42 billion pounds at the end of March 2020, compared to 119.321 billion pounds at the end of 2019.
