Cairo – Mubasher: The financial position of Banque Misr increased by 9.5% to EGP 968 billion during fiscal year 2018/2019, compared to EGP 884 billion a year earlier.
The bank’s deposit portfolio grew by 11.4% to EGP 745.8 billion in the last fiscal year, up from EGP 669.6 billion in FY17/18, according to a statement on Tuesday.
Meanwhile, the net loan portfolio hiked by 23.1% to EGP 272 billion from EGP 221 billion, the statement showed.
The non-performing loan (NPL) ratio stood at 2.08%, with a coverage ratio of 96.7%, while the remaining percentage is covered by in-kind guarantees.
The retail portfolio registered EGP 37.8 billion in FY18/19, up 40.5% from EGP 26.9 billion a year earlier, while the Islamic retail portfolio surged by EGP 357 million, or 62%, to EGP 934 million from EGP 577 million.
In the meantime, the small- and medium-sized enterprise (SME) loan portfolio reached EGP 23.3 billion at the end of last June, compared to EGP 10.9 billion a year earlier.
