I wrote – Manal Al-Masry:
The International Sellers Bank (CIB) announced an increase in the growth rate of the total portfolio of customer loans and facilities by 17% during the first 9 months of this year.
In documenting the consolidated financial statements that ended in the third quarter of this year, the bank said that the portfolio of customers’ loans and facilities rose to about EGP 139.923 billion during the end of last September, compared to EGP 119.570 billion at the end of 2020.
The bank’s portfolio of loans and facilities to customers at the end of last September included many different programs for individuals (artillery retail) and major institutions, and the stock of credit cards (credit cards) until last September amounted to 5.391 billion pounds, personal loans, more than 30 billion pounds, and real estate loans amounted to 2.275 billion pounds. EGP, and current accounts receivable at EGP 1.193 billion, according to the bank.
The bank’s documentation stated that the portfolio of direct loans to major institutions at the end of last September amounted to 48.564 billion pounds, compared to 45.228 billion pounds at the end of last December, with a growth rate of 7.3%.
The volume of joint loans recorded an increase of 30.4% to reach 40.595 billion pounds at the end of the third quarter of this year, in comparison to 31.110 billion pounds at the end of last December.
The current accounts receivable rose to about 29.864 billion pounds at the end of the third quarter of this year, in comparison with 23.698 billion pounds at the end of last December, an increase of 26%.
The total issued and paid-up capital recorded about 19.702 billion pounds until the end of last September, matching 14.776 billion pounds at the end of last December, with an increase of 4.925 billion pounds.
The bank was established as an Egyptian joint stock company under Law No. 43 of 1974 in the Arab Republic of Egypt. The main center of the bank is located in Giza and the bank is listed on the Egyptian Stock Exchange.
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