Earnings Report /
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

Dalia Bonna
Al Ahly Pharos Securities Brokerage
18 August 2021