PBDAC bank inks debt settlements with 5,200 clients worth c.EGP300mn
The Principal Bank for Development and Agricultural Credit (PBDAC) has signed debt settlement agreements with 5,200 clients during the first four months of the current financial year starting in June 2016, according to the bank’s Chairman El-Sayed El-Kosayer. The agreements were worth c.EGP300mn (c.USD18.6mn), El-Kosayer stated. He further said that the bank’s NPLs are ranging between EGP3.5bn and EGP4bn. (Amwal Al Ghad)
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