National Bank For Development 9-Month Retail Loans Up 14.6%

The National Bank for Development’s (NBD) retail loans witnessed an increase of EGP 299 million (14.6%), registering EGP 2.338 billion at the end of last September, compared to EGP 2.039 billion at the end of 2011.

The personal loans accounted for EGP 2.324 billion (98.5%) of retail loans at the end of last September, compared to EGP 2.025 billion at the end of 2011.

The bank’s financial statements showed that the bank’s debit current accounts fell by EGP 1.9 million, registering EGP 9.3 million at the end of last September, compared to EGP 11.3 million at the end of 2011.

The value of the bank’s credit cards climbed to EGP 4.04 million at the end September, compared to EGP 3.14 million at the end of 2011.

The bank’s micro-finance portfolio dropped by 98.4 million (72.2%) in the first nine months of 2012, registering EGP 37.8 million at the end of last September because of the economic and political unrest in Egypt.