Earnings Report /
EgyptADIB Egypt: 2Q22 – Outstanding quarter
Strong sequential and annual performance was driven by: strong topline, lower OPEX, and lower effective tax rate q/q
Loans expanded by +8% q/q and +14% YTD and deposits expanding by 6% q/q to bring YTD growth to 9%
The stock is trading at P/E 22 of 1.7x and P/B 22 of 0.3x, on ROAE of 21%
Dalia Bonna
Assistant VP @ Al Ahly Pharos Securities Brokerage
21 August 2022
Published byAl Ahly Pharos Securities Brokerage
