Farida El Askalany

Al Ahly Pharos Securities Brokerage

Equity Research Analyst @ Al Ahly Pharos Securities Brokerage

Farida has been an Equity Analyst at Pharos Holding since January 2018, and is also a professional volleyball player at Al-ahly club and the Egyptian National team. She graduated from the American University in Cairo with a Bachelor of Actuarial Science degree and minor in Economics.

Farida El Askalany
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Latest from Farida El Askalany

Al Baraka Bank Egypt: 3Q19 – Provision reversal drives qoq earnings; weak operationally

Al Baraka Bank Egypt (SAUD)’s bottom line in 3Q19 recorded EGP326 mn (+20% q/q, and +47% y/y), bringing 9M19 bottom line to EGP1,466 mn versus EGP1,347 mn in 9M18 (+9% y/y). Higher asset quality, where NPL ratio fell by 33 bps, recording 7.3% in 3Q19...
Al Ahly Pharos Securities Brokerage Farida
Farida El Askalany @ Al Ahly Pharos Securities Brokerage 17 November 2019

Egyptian Gulf Bank: Q3 19: A stable quarter; maintain Equalweight

EGBE 3Q19 net profit pre-minority interest and appropriations came in at EGP167 million, increasing by 1% sequentially and growing by 16% annually with a ROAE of 16%. Treasury exposure to total assets rose by 135bps in 3Q19 to record 20.3%, resulting...
Al Ahly Pharos Securities Brokerage Farida
Farida El Askalany @ Al Ahly Pharos Securities Brokerage 14 November 2019

ADIB Egypt: High booked provisions weigh on earnings; balance sheet expands

ADIB 3Q19 net profit pre-minority interest and appropriations came in line with our expectations at EGP308 million, falling by 19% sequentially and growing by 21% annually with an annualized ROAE of 32%. Treasury exposure to total assets dropped sequ...
Al Ahly Pharos Securities Brokerage Farida
Farida El Askalany @ Al Ahly Pharos Securities Brokerage 14 November 2019

Export Development Bank Of Egypt: Q1 19/20: Resilient margins and provision reversal drive profits

EXPA’s consolidated bottom line in Q1 19/20 was EGP275mn (+16% q/q, and -9% y/y), the sequential rise is mainly attributed to strong margins and provision reversal. Margins improved in 1Q19/30 by 44 bps, standing at 4.8%, up from 4.3% a quarter earli...
Al Ahly Pharos Securities Brokerage Farida
Farida El Askalany @ Al Ahly Pharos Securities Brokerage 14 November 2019

Suez Canal Bank: Q3 19: Bottom line rose sequentially despite weak margins

CANA Q3 19 net profit pre-minority interest and appropriations came in at EGP129 million, growing by 21% sequentially and 7% annually with a ROAE of 17%. Despite a rise in treasury exposure to total assets by 3ppts in Q3 19, NIM declined sequentially...
Al Ahly Pharos Securities Brokerage Farida
Farida El Askalany @ Al Ahly Pharos Securities Brokerage 13 November 2019

Faisal Islamic Bank of Egypt: 2Q19 — Weak operational performance and high base effect weigh on earnings

Faisal Islamic Bank of Egypt (FAIT) 2Q19 net profit pre-minority interest and appropriations came in at EGP642 million, falling by 38% sequentially and growing by 7% annually with an ROAE of 20%. Net-interest income declined stabilized sequentially. ...
Al Ahly Pharos Securities Brokerage Farida
Farida El Askalany @ Al Ahly Pharos Securities Brokerage 1 September 2019

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