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
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