Earnings Report /
Egypt

QNB Alahli: 4Q2021 – ending 2021 on a weak note

  • Highest single quarter provisions wipe out healthy operational performance; LDR declines

  • Solid NIM's maintained; OPEX contracts on sequential basis

  • Lending grew at 2.7% in 4Q21, bringing YTD growth to 5.8%. Deposits expanded by 7.5% q/q, bringing YTD growth to 27%,

Al Ahly Pharos Securities Brokerage
13 January 2022