Earnings Report /

Export Development Bank Of Egypt: 1Q22 – profits surge on healthy operations further driven by lower provisions

  • Higher margins coupled with lower provisions and tax rate trickle down to bottom line despite higher OPEX

  • Gross loans expanded by 13% q/q, while customer deposits grew by 4% q/q, pushing LDR ratio to reach 62% (+4.9 pps).

  • EXPA is trading at P/E22 of 3.9x, and P/B22 of 0.4x, on ROAE of 10%.


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