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The National Bank of Egypt’s (NBE) retail banking portfolio rose by EGP 400 million, or 2.1%, registering 19.1 billion during April and May, up from EGP 18.7 billion at the end of March 2012.
NBE targets increasing its retail banking portfolio by EGP 2 billion, or 11.4%, to register EGP 19.5 billion by the end of this June, up from EGP 17.5 billion at the end of June 2011, said Hazem Hegazy, head of retail banking and branches at NBE.
Car loans represent 1.8% of the total value of retail banking portfolio as they reached EGP 350 million at the end of last May. In addition, NBE’s market share stood at 6% of the Egyptian banking sector at the end of last May.
