NBE-Egypt’s Personal Loans Surge to EGP29bn in Jan

National Bank of Egypt (NBE)’s personal loans increased to EGP29 billion at the end of last January , said Karim Sous – Head of Retail Credit Risk Sector at NBE.

The bank is targeting to register EGP35 billion by the end of the current year, in addition to surging its issued and paid up capital to EGP15 billion against EGP9.2 billion alongside raising licensed capital to EGP30 billion.

NBE has strategy which it seeks to spread geographically and inaugurate 200 new branches by the next 3 years.

Moreover, in a previous statements Hisham Okasha, Deputy Chairman of NBE said the bank is aiming to open 25 new branches within the first half of this year.