Masress : EALB Settles EGP 700 Mln Debts, Reduces Assets To EGP 2.4 Bln

Egypt's health min. inks deal with eFinance to launch nationwide e-payment system Egypt backs Sudan sovereignty, urges end to El-Fasher siege at New York talks Egyptian pound weakens against dollar in early trading Egypt's PM heads to UNGA to press for Palestinian statehood As US warships patrol near Venezuela, it exposes Latin American divisions More than 70 killed in RSF drone attack on mosque in Sudan's besieged El Fasher Al-Wazir launches EGP 3bn electric bus production line in Sharqeya for export to Europe Egypt, EBRD discuss strategies to boost investment, foreign trade DP World, Elsewedy to develop EGP 1.42bn cold storage facility in 6th of October City Global pressure mounts on Israel as Gaza death toll surges, war deepens Cairo governor briefs PM on Khan el-Khalili, Rameses Square development El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy Egypt expands medical, humanitarian support for Gaza patients Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir Egypt launches international architecture academy with UNESCO, European partners Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire Egypt's Cabinet approves Benha-Wuhan graduate school to boost research, innovation Egypt hosts G20 meeting for 1st time outside member states Egypt to tighten waste rules, cut rice straw fees to curb pollution Egypt seeks Indian expertise to boost pharmaceutical industry Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken' Egyptian, Ugandan Presidents open business forum to boost trade Egypt's Sisi, Uganda's Museveni discuss boosting ties Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance Greco-Roman rock-cut tombs unearthed in Egypt's Aswan Egypt reveals heritage e-training portal Sisi launches new support initiative for families of war, terrorism victims Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary Germany among EU's priciest labour markets – official data Paris Olympic gold '24 medals hit record value A minute of silence for Egyptian sports Russia says it's in sync with US, China, Pakistan on Taliban It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights Sudan says countries must cooperate on vaccines Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19 Egypt to tax bloggers, YouTubers Egypt's FM asserts importance of stability in Libya, holding elections as scheduled We mustn't lose touch: Muller after Bayern win in Bundesliga Egypt records 36 new deaths from Covid-19, highest since mid June Egypt sells $3 bln US-dollar dominated eurobonds Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

EALB Settles EGP 700 Mln Debts, Reduces Assets To EGP 2.4 Bln

Mohamed Hamdy Mohamed Gamal Published in Amwal Al Ghad on 10 - 04 - 2012

Egyptian Arab Land Bank (EALB) has settled EGP 700 million debts of some of the bank's faltering customers at the period from last September to last March.
Mohamed El-Atreby, chairman of EALB, told Amwal Al Ghad that the Bank's assets portfolio decreased to EGP 2.4 billion, compared with EGP 2.6 billion in 2011, after settling non-performing loans. El-Atreby added that EALB will be holding a public auction on April 14th to sell lands and real estate in Downtown.
The Bank's loans portfolio declined by EGP 1.4 billion, registering 12.6 billion at the end of March, compared with EGP 14 billion at the end of the last year. Customers' deposits at EALB ranged between EGP 15-16 billion at the end of March. El-Atreby added that customers' deposits rose by EGP one billion despite the political turmoil and economic recession Egypt witnessed last year.

Clic here to read the story from its source.