AlexBank's underwriting comes out of Intesa Sanpaolo's European credit culture. Convert your statement to Excel and the channel codes plus salary credits tell the story clearly.
Convert your AlexBank statementEgyptian banks require 6 months of recent statements and a separate employer salary letter for retail loans. Lenders read your statement to confirm regular net salary credits, existing loan instalments, and absence of recurring overdraft. Post-2022 EGP devaluations have made stable EGP-denominated income more valuable as a signal of repayment capacity.
Bank of Alexandria's Intesa Sanpaolo-influenced underwriting tends toward more transparent and structured criteria than some state-owned Egyptian peers. The channel code column makes recurring overdraft patterns easy to spot — repeated INT transfers covering negative balances are a red flag the European credit culture penalises more than is typical at state-owned banks.
Salary credits show as 'SALARY' or in Arabic with the employer reference and an INT or ONL channel code. Existing loan instalments show as debits with 'قسط' (instalment) or product-specific narrations. POS and BRN debits are merchant spending; recurring debits to the same merchant suggest fixed monthly expenses lenders consider in the affordability calculation.
Lenders calculate the installment-to-income ratio using your net monthly salary and your existing monthly obligations. Both come straight from the statement.
Bilingual Arabic-English PDF with internationally influenced clean tabular layout. Columns: date, description, transaction type code, debit (EGP), credit (EGP), balance (EGP). Transaction type codes identify channel: ATM, POS, BRN (branch), ONL (online), INT (internal). IBAN displayed in account header. Intesa Sanpaolo group compliance formatting means higher consistency across statement periods than many Egyptian peers.
| Label | Meaning |
|---|---|
| ATM | ATM cash withdrawal |
| POS | Point-of-sale card payment |
| BRN | Branch counter transaction |
| ONL | Online banking transaction |
| SWIFT | International wire transfer |
Egyptian banks are increasingly requesting 6 months of statements as EGP volatility makes 3-month income snapshots unreliable for multi-year loan underwriting.
Pull 6 months from AlexBank Mobile
Egyptian retail lenders ask for 6 months as standard. AlexBank Mobile and Online both export PDFs for any date range. For business loans, lenders may ask for 12 months.
Convert with Kashfbank
Upload the PDF. The Excel preserves the channel code column (ATM/POS/BRN/ONL/INT), making it easy to spot recurring patterns and existing obligations.
Compute monthly obligations
Sum existing loan instalments and recurring fixed expenses per month. Divide by net salary to get your debt-service ratio. Egyptian lenders typically want this under 50% — confirm the specific cap with the bank you're applying to.
Submit alongside PDF and salary letter
Egyptian banks want the original bank-issued PDF, your last 3 months of payslips, and an employer salary letter. The Excel is your own preparation document — you verify the numbers before the lender does.
Common challenges
Does AlexBank pre-fill a loan calculator from my statement?
AlexBank's underwriting team calculates the affordability internally based on the documents you submit. The Excel helps you check the numbers in advance — you can see what they will see.
How does the channel code help the lender?
The channel code (ATM, POS, BRN, ONL, INT) tells the underwriter how each transaction happened. Repeated INT transfers covering negative balances signal cash flow stress; predictable POS spending and salary credits signal stable habits.
Are SWIFT inbound credits accepted as income for Egyptian loans?
Yes, when consistent and documented. Foreign freelancers and Egyptians earning abroad use SWIFT inbound credits as primary income. Lenders convert at the CBE rate for the value date and may average across 6 to 12 months to smooth FX volatility.
What if my statement shows an overdraft from the FX devaluations?
Overdrafts from 2022–2024 EGP devaluations are common and recognised by lenders. If resolved promptly and not recurring, they generally do not disqualify an applicant. The Excel timestamp shows exactly when each overdraft occurred and how long it lasted.
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Regulator: Central Bank of Egypt (CBE)
Fiscal year: Jul 1 – Jun 30 (government); Jan–Dec (private sector)
Full country guide →Statement language: Arabic / English