EGB’s Personal Loans Portfolio Attain EGP471mn at June

The total value of Egyptian Gulf Bank’s (EGB) personal loans reached around EGP471.2 million in compared to EGP433.8 million at September 2013, move up by 8.6 (EGP37.4 million) growth rates.

The total value of retail portfolio registered around EGP510.4 million at the end of June 2014 in compared to EGP480.9 million at September 2013.

EGB attained EGP107 million profits within the first 6 months of this year, in compared to EGP100.7 million in the same period of the previous year, move up 6.2% growth rates.

Personal loans portfolio declined with EGP5.26 million to eventually record EGP3.498 billion at June 2014 against EGP3.493 billion at September 2013.

The bank’s assets boosted to EGP10.154 billion in June whereas it achieved EGP9.884 billion at December, registering EGP270 million increases.

Furthermore, EGB’s customer deposits retreated to EGP7.78 billion at June 2014 in compared to EGP8.21 billion in December, declining with EGP429 million.