Egyptian Gulf Bank Targets Retail Lending Increase by EGP200mn in 2014

The Egyptian Gulf Bank (EGB) is targeting the increase of retail loan portfolio by EGP 200 million within the current year.

Sherif Farouk – Head of Retail Banking Sector and Senior General Manager at EGB – told Amwal Al Ghad that his bank is aiming to boost its portfolio of personal loans to EGP 760 million within 2014, compared to EGP 560 million by the end of 2013.

The Egyptian Gulf Bank is adopting expansionary plans within the upcoming period, taking into consideration the potential market risks, he added.