Earnings Report /
Egypt

ADIB Egypt: 3Q21 – Strong quarter on healthy topline; lending grows

  • The annual and sequential improvement came on the back of strong interest and non-interest income growth

  • Controlled opex further supported sequential growth, while lower provisions supported annual growth

  • Gross loans expanded by 4% q/q bringing YTD growth to 9%, while customer deposits expanded by 12% reaching 16% YTD

Dalia Bonna
Al Ahly Pharos Securities Brokerage
15 November 2021