Macro Analysis /
Egypt

Egypt Banking Sector 2023: Attempting to counterbalance macro factors

  • Sector Outlook, Hopes, Fears, and Picks

  • Interbank Comparison

  • Individual Banks Fundamental Review

Al Ahly Pharos Securities Brokerage
28 December 2022

Please find attached our banking sector update for 2023, in which we present:

Sector Outlook, Hopes, Fears, and Picks

  • Sector Outlook, Hopes, Fears, and Picks

  • Valuation and Multiples

Interbank Comparison

  •  Market Share and Utilization

  • Balance Sheet

  • Income Statement

  • Capital Adequacy

  • Tax Law Calculation

Individual Banks Fundamental Review

  • Commercial International Bank (COMI)

  • Qatar National Bank (QNBA)

  • Credit Agricole Egypt (CIEB)

  • Housing and Development Bank (HDBK)

  • Export Development Bank (EXPA)

  • Abu Dhabi Islamic Bank (ADIB)

  • Faisal Islamic Bank (FAIT)

  • Egyptian Gulf Bank (EGBE)

  • Al Baraka Bank Egypt (SAUD)

  • Suez Canal Bank (CANA)