Earnings Report /
Egypt

CIB: 3Q21 – Outstanding quarter on strong margins; Corporate lending recovers

  • Sequential expansion mainly came on the back of strong margins and controlled opex

  • Annual expansion came on the back of: 1)robust non-interest income, 2)lower provisions, and 3)lower effective tax rate

  • It was a good quarter for lending activity as it expanded by 6% q/q mainly driven by corporate segment

Dalia Bonna
Al Ahly Pharos Securities Brokerage
14 November 2021