Egypt

ADIB Egypt: 4Q21 – Strong year on robust margins and lower provisions

  • ADIB 4Q21 consolidated net profit pre minority interest recorded EGP381 million (-2% q/q, +8% y/y)

  • On an full-year basis, the bottom line came in line with our estimates, recording a strong EGP1,451 million (+21% y/y)

  • BoD agreed on increasing the bank’s paid-in capital by EGP2.0 bn to reach EGP 4.0 bn, financed through rights issue

https://cdn.tellimer.com/providers/badge-al-ahly-pharos-securities-brokerage-GqpGH9186DDYN9Jb9zpe1X3CHQPB77ZUYFvjxBxL.png
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Recommendations

Access to recommendations is a Pro feature.

Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.

This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.