The bank's stable funding -- comprising medium term loans
and debt notes as a percentage of total liabilities -- improved to 17.6% in December 2018 against 16.8% in the previous year, as it focused on improving the maturity profile of liabilities.
The purpose of the company is to grant short and medium term loans
in order to finance the purchase of vehicles, household equipment and to finance commodity consumption of raw materials, manufactured or semi-finished products.
Besides, financing of the economy firmed up over the same period, with a 6.8% increase against 5.5% in 2013, in line with an increase in the outstanding balance of short and medium term loans
after a drop recorded over the first ten months of the previous year.
In its second programme, Banque Misr would finance machinery and equipment of small projects through short and medium term loans
ranging from EGP 50,000 to EGP 2m.
Thamer Al-Anni, an Arab League official, said a special fund will be set up within weeks to operate as a bank that provides short and medium term loans
to young Arabs who want to start their own small enterprises.
"I am confident after talking to my European colleagues that more liquidity, funding for the medium term loans
necessary for businesses and mortgages and the recapitalisation of banks are part of their thinking as well," he told journalists.
Dewa plans to issue bonds to secure long-term funding and is currently seeking short and medium term loans
, Dewa managing director and chief executive officer Saeed Mohammad Al Tayer said.
As well as building new stores, Furshet wants to use the EBRD loan to introduce SAP business software systems to improve operating efficiency, and to restructure its balance sheet via refinancing of existing short and medium term loans
. An EBRD report said it was supporting the company to "strengthen the Ukraine retail sector", while boosting Furshet's suppliers.
The bank's total funding had expanded 4.3% to QR33.79bn in 2017, primarily driven by a 100% growth in debt securities (euro medium term notes or EMTN)) to QR3.62bn and a 16.2% growth in other borrowings to QR2.19bn in December 2017, consisting of funding generated through medium term loans
. The return on average assets and return on average equity stood solid at 1.70% and 12.6% respectively, despite expansion in balance sheet size and equity base.
The funding growth was primarily driven by a 100% growth in debt securities (euro medium term note, or EMTN) to QR3.62bn and a 16.2% growth in other borrowings to QR2.19bn in December 2017, consisting of funding generated through medium term loans
. "The bank's stable funding as a percentage of total funding increased to 16.8% against 11.6% in December 2016.