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| Overview | |||
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On the span of
the last twenty years, the bank managed to adapt with, as well as sharing in,
the successive plans to liberalize foreign trade, restructure the capital market
and financing the privatization of heavy-weighted companies on the international
level. Furthermore, it has strongly contributed in procuring direct investments
needed to form new projects and in financing the domestic debt through investing
in the government treasury bills and bonds. (The later accounts for 14 %of the
banks resources) Meanwhile it has succeeded in expanding its capital base, which
has registered an outstanding growth to present 8 per cent of the balance sheet,
one of the highest ratios worldwide. Topping the bank achievements list was its securing loans for thousands of small as well as big investors, a fact reflected in its performing loans portfolio of LE5.2billion. Furthermore, it succeeded in attracting deposits and expanding clientele base to exceed 60,000 customers by the end of year 2007 with overall deposits of LE 8.5 billion. The bank has expanded geographically through out Egypt. Beside the existing 23 full-Service operating branches two new branches is about to be added the bank
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