NSGB: Individual Loans Hit EGP 6.7 Bln In H1 2012

The National Societe General Bank (NSGB) said the portfolio of individual loans stood at EGP 6.78 billion at the end of June 2012, up from EGP 6.15 billion at the end of December 2011, with an increase of EGP 631.58 million. The bank’s portfolio of corporate loans registered EGP 30.517 billion, up from EGP 30.157 billion.

The bank’s financial statements showed that personal loans account for or 83.7% (worth EGP 5.68 billion), credit cards account for 3.46% (worth EGP 235 million), real estate loans account for 2.28% (worth EGP 154.9 million) and debit current accounts account for 10.45% (worth EGP 709 million) of the bank’s individual loans.

The direct corporate loans and credit facilities account for 23.1% (worth EGP 8.627 billion) and syndicated loans account for 11.2% (worth EGP 4.186 billion) of the total value of the bank’s loans and credit facilities.

The investments in treasury bills reached EGP 10.78 billion at the end of June, up from EGP 6.86 billion at the end of December 2011, with an increase of EGP 886.59 million.

The bank’s portfolio of deposits slumped by EGP 143.2 million, or 0.2%, registering EGP 51.556 billion at the end of June, up from EGP 51.709 billion at the end of December 2011.

NSGB achieved net profit of EGP 785.572 million at the end of the first half of the current year, up from EGP 733.208 million at the end of the first half of 2011, with an increase of 7.1%.