NBE ups large corporate customers’ finances at June-end

The National Bank of Egypt, the oldest commercial lender in the country, has raised its finances for large corporate customers by end of June this year, official from the bank said Monday.

According to Yehia Aboul Fotouh – NBE executive board member, the bank’s large corporate loan portfolio has reached 101 billion Egyptian pounds (US$13 billion) by June-end. A year earlier, NBE’s portfolio stood at around 82 billion pounds only, he added.

NBE is targeting growth rates ranging between 15-20 percent within the new fiscal year, the banking official told Amwal Al Ghad.