United Bank Reduces its Non-Performing Portfolio to EGP3.5bn in June 2014

United Bank has reduced its non-performing debt portfolio from EGP6.5 billion in 2006 to EGP3.5 billion in June 2014 besides covering 100% the allocation gap of the dues.

An official banking source said the non-performing and performing credit portfolio reached around EGP8 billion, including EGP4.5 billion for performing portfolio.