Misr Iran Development Bank’s LTD Ratio Hit 77% In September

Misr Iran Development Bank’s loan-to-deposit ratio stood at 77% at the end of last September as loan portfolio reached EGP 4 billion and deposit portfolio registered EGP 5.2 billion at the end of last month.

The bank’s deposits grew by EGP 200 million to reach EGP 5.2 billion at the end of last September, compared to EGP 5 billion at the end of last June.

The bank’s loan portfolio rose by EGP 100 million to register EGP 4 billion at the end of last month, up from EGP 3.9 billion at the end of June.

The value of retail loans offered by the bank does not exceed EGP 13 million as the bank does not target to expand in retail banking in the current period.

The bank’s investments in government debt instruments (treasury bills and bonds) reached about EGP 1.1 billion at the end of September.