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Financing & Lending Activities

AlexBank is keen on rendering a bunch of diversified financing activities which fulfill all the customers' needs and effectively help provide the necessary finance to the various economic sectors.
This was accompanied by developing the Bank's credit policy with the aim of broadening the credit portfolio and improving its quality.
This came together with restructuring the sectors responsible for offering and monitoring credit.

The Bank's strategy in this field is based on the following pillars :

Corporate Banking

The Corporate Credit Division renders a wide range of services to its customers whose facilities surpass EGP10m. In this respect, developed credit policies were adopted to improve the credit portfolio quality and ensure that sound credit decisions are made. The corporate banking activity was expanded to include new responsibilities, which helped realize the following accomplishments :

Broadening t he credit portfolio

via attracting new customers of good, solvent and creditworthy companies or increasing the existing customers' limits. This was reflected in the increment in existing and/or new credit facilities to approximately EGP6.7bn on 31/12/2006.

Expanding loan syndication business

in order to minimize risk and maximize profits. Target customers are those operating in the most growing sectors such as communications and petrochemicals. In this respect, the Bank, together with a group of other banks, syndicated a USD200m to finance the acquisition of oil exploration concessions by a petroleum services company.

Multinational Loans Services

A Multinational Loans Department was established to provide credit to creditworthy customers, which will improve credit portfolio quality and profitability.

Applying Modern Systems

The Bank applied the Obligor Risk Rating System and other modern financial analysis systems to rate Corporate Banking customers.

Financing projects of economic benefit

together with innovating credit products that meet the market requirements.

Preparing credit studies

for short, medium and long-term finance.

Commercial Banking

» The Commercial Banking Division provides credit facilities ranging from EGP1m to EGP10m as based on credit appraisals.

» The Division carries out market studies to determine which active sectors should be funded. In addition, it conducts marketing visits to attract new customers and promote new products.

» It monitors customers' utilization of commercial credit on a daily basis and conducts field visits. Further, it monitors performing borrowers and encourages them to obtain more credit facilities.

» The Division helps defaulters to manage their financial affairs and develops solutions to bail them out.

» It cooperates with the Credit Guarantee Company to support the Industrial Modernization Programme.

» The Division provides export customers with credit facilities needed prior to export and post shipping.

Financing Vital Sectors

Boosting export sector in harmony with the state's policy. In this respect, the Bank delivers the following services:

» Financing exporters in all phases, starting from pre-shipment transactions to documents collection
( Purchasing - Manufacturing - Harvesting .....etc ).

» Financing exporters through negotiating or collecting shipping documents.

» Providing the necessary finance for imports directed to re-exportation purposes, as well as facilitating the importation of export-related requirements.

» Rendering distinguished privileges to exporters low interest rates and preferential commissions.

» Facilitating the import requirements for the activities ( machinery - raw materials - production - requirements ) in order to support their ability to export .

Bolstering the private sector, whereas the loans granted to th e private and household sector attained EG9.5bn on 30/6/2006 (about 96.0% of total granted loans).

Giving special attention to supporting the industrial sector which continued to capture the lion's share of the Bank's credit portfolio. The facilities provided to this sector recorded EGP3.9bn at the end of June 2006, i.e. 39.4% of total granted facilities. The service sector obtained EGP2.2bn (22.2%), followed by the commercial sector (11.1%) of the total Bank's loans.