Egypt

HRHO: 2Q21 – Robust set of results mainly driven by IB platform revenues

  • Sequential improvement came as a result of higher IB platform revenues and healthy growth of NBFIs, despite high OPEX

  • Annual growth driven by NBFIs robust performance, with adequate growth of IB platform while provisions remained stable

  • Operating Expenses expanded annually and sequentially in 2Q21 mainly driven by higher employee expenses

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