Bank Arabe Strategic International until 2015, so that it includes the expansion of retail banking SMEs.
He explained in a statement to the Stock Exchange that the bank targets the size of assets by the end of 2015, estimated at 30 billion pounds, as well as work to increase market share to 2% versus 1.3%, and increase its branch network to 40 branches over the next two years, compared with 25 branches in 2013.
He added that the bank is targeting 30% annual growth in retail for up to 1.5 billion pounds in two years. It also aims to increase the volume of deposits increased by 40% to up to 18 billion pounds by the end of this year. He plans to reach its loan portfolio to 6 billion pounds, compared with 4.9 billion now, and aims to increase portfolio SMEs increased by 283% to reach 300 million pounds this year, and is expected to reach profits to exceed 200 million pounds, a growth rate of 20% by the end of 2013.
He added that the bank is planning to put up a package a variety of banking products, and stressed that currently there is no intention to raise capital, and work to study the end of this year.
He explained in a statement to the Stock Exchange that the bank targets the size of assets by the end of 2015, estimated at 30 billion pounds, as well as work to increase market share to 2% versus 1.3%, and increase its branch network to 40 branches over the next two years, compared with 25 branches in 2013.
He added that the bank is targeting 30% annual growth in retail for up to 1.5 billion pounds in two years. It also aims to increase the volume of deposits increased by 40% to up to 18 billion pounds by the end of this year. He plans to reach its loan portfolio to 6 billion pounds, compared with 4.9 billion now, and aims to increase portfolio SMEs increased by 283% to reach 300 million pounds this year, and is expected to reach profits to exceed 200 million pounds, a growth rate of 20% by the end of 2013.
He added that the bank is planning to put up a package a variety of banking products, and stressed that currently there is no intention to raise capital, and work to study the end of this year.
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