AlexBank: Retail Lending hikes to EGP12 billion at September-end

AlexBank – a member of Italian bank Intesa Sanpaolo Group – reported a total retail lending portfolio of 12.090 billion Egyptian pounds (US$ 1.7 billion) by end of September 2014.

This comes in comparison with 10.988 billion achieved by late 2013.

The bank’s personal loans have captured 94.4% of total retail lending portfolio, to reach 11.402 billion pounds at end of September 2014, higher from 10.258 billion pounds at 2013-end.

Furthermore, the total current accounts at AlexBank recorded 611.402 million by September-end.