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Al Baraka Bank Egypt’s NPLs fall to 5.4% in June

Al Baraka Bank Egypt’s NPLs fall to 5.4% in June

Cairo: Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, witnessed an improvement in the quality of its loans during the first half of the year by having its bad loans levels 15.4 percent lower.

The level of non-performing loans in Al Baraka Egypt fell to around 874.3 million Egyptian pounds ($48.8 million) or 5.4 percent of all loans at the end of June, down from 6.5 percent a year earlier, the bank said in a statement on Sunday.

Source: Amwal AlGhad

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