United Bank Eyes Pumping EGP300mln Personal Loans in 2014

United Bank eyes pumping EGP300million finance in personal loans to make the retail portfolio up EGP1billion in compared to EGP700million in the first quarter of this year, Azza Radwan illustrated.

Speaking to Amwal Al Ghad Arabic’s Website, General Manager of branches and Retail Banking Sector at the United Bank Azza Radwan  said the bank signed cooperation agreement with mortgage finance fund worth EGP350million in the last month in order to make the best use of CBE’s initiative to support middle and low categories.

The bank seeks to meet with the needs of all clients throughout offering products and programs that comply with all the personal loans and credit cards of clients, Radwan explained.

The bank attained EGP380million profits since its inception in 2013 after the calculation of deposit cost that amounted to EGP5billion due 2020.