Bank Audi targets more than 20% growth in Egypt within 2017

Egypt’s eighth largest commercial bank, Bank Audi S.A.E., is targeting growth rates of more than 20 percent within 2017, its deputy chief said in a conference on Monday.

Mohamed Abbas Fayed further said Bank Audi Egypt is adopting a long-term plan started from 2014 and would continue until 2018, aiming to beat any hurdles and achieve targeted growth rates.

The bank has achieved this year a 28 percent rise in loans and around 18 percent in deposits, Fayed added.