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  • 18-05-20

    CIB posts expansion in its Q1 mortgage finance portfolio

    (MENAFN)


    Commercial International Bank (CIB), the biggest listen bank in Egypt, said that its mortgage finance portfolio saw an expansion to set at USD97 million at the end of March of 2020.

    The figure is compared to the USD85 million reported at the end of the 4th quarter of 2019 where it saw a rise of USD7.5 million.

    Data showed that the total amount of personal finances has gone over USD1.35 billon in the first quarter of 2020 in comparison with USD1.28 billion reported in the first quarter of 2019, representing a rise of 74 percent.

    The retail banking portfolio of the bank came in at a total of USD1.81 billion by the end of 2020 starting quarter in comparison with USD1.73 seen at the end of 2019.

    MENAFN1805202000450000ID1100178523

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