NBE : Auto loans Portfolio Exceeds EGP550 mln in Feb-End

National Bank of Egypt’s auto loans exceeded EGP550 million at the end of last February.

Karim Sous – Head of Retail Credit Risk Sector at NBE – told Amwal Al Ghad Arabic’s Website that the auto loans witness remarkable boom during the first half of the current year in compared to 2013.

The total loan portfolio of NBE’s  Retail Banking registered EGP23.7 billion at the end of December 2013 compared to EGP22 billion at the end of the last fiscal year, the bank also aims to boost its portfolio to EGP27 billion by June according to Hazem Hegazy, Head of Retail Banking at NBE.

Hegazy added that the customers’ deposit portfolio recorded EGP330 billion at the end of first half of the current year of 2013/2014 compared to EGP322 billion in 12/13.