CIB’s personal funding increases to 24.7 bln pounds in 2019

Big 5

Egypt’s biggest private bank, Commercial International Bank (CIB), has achieved an increase in its personal funding portfolio to  24.7 billion Egyptian pounds by the end of March 2019 compared to 23.2 billion pounds by the end of 2018.

According to bank’s financial statement the real estate loans portfolio has exceeded one billion Egyptian pounds by the end of March 2019, compared to 876.3 million Egyptian pounds by the end of 2018.

However, the bank’s personal loans portfolio registered 18.3 billion pounds by the end of the first quarter of 2019, compared to 17.1 billion pounds by the end of 2018.

The credit cards have registered 3.7 billion Egyptian pounds by the end of 2017 comparing to 3.5 billion pounds, while the current accounts have recorded 1.6 billion pounds by the end of March 2019, according to the bank financial statement.

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