APICORP's Corporate Banking assets increased by 5% Y-o-Y to reach USD3.69 billion, all while diversifying the portfolio exposure, geographically and sectorally, as well as maintaining a high quality loanbook. Moreover, Corporate Banking booked USD1.4 billion in commitments, thereby sustaining the profitability prospects of APICORP not only in 2019, but also future years. In terms of income, Corporate Banking had a record year, reaching USD121 million in income net of Libor and impairments compared with USD90 million in 2018. Fee income continued to show promise, even in a competitive landscape, where it increased 23% Y-o-Y. Notably, the Gross NPL Ratio remained very low at 0.38% due to strong relationships with APICORP's partners and support from Member Countries. … [Read more...] about APICORP 2019 Financial Results Demonstrate Strong Growth Momentum with Net Income of USD 112 Million
