Attijariwafa Bank Egypt loan portfolio grew 31% at end-Q3 2017

18 Feb 2018

Real estate, energy, food, leasing, microfinance sectors accounted for large part of bank’s loans

Attijariwafa Bank-Egypt achieved a 31% growth in total loans by the end of Q3 2017, after the bank registered growth in corporate loans by 38% to reach EGP 8.6bn, up from EGP 6.3bn at the end of 2016.

According to the bank, these results were achieved after the bank adopted a new growth strategy and portfolio diversification in several economic sectors, including real estate and construction, electricity and renewable energy, food, finance leasing, microfinance, and financial institutions.

The bank’s corporate finance and loans team has made a number of achievements during the past period, which support the bank’s position and enhance its ability to support these critical sectors of the Egyptian economy.

Tamer Ragheb, corporate banking director, said that the bank’s asset portfolio is diverse and serves the country’s strategic direction, adding that they are diversifying its products and attracting customers from new sectors.


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