Equity Analysis /
Egypt

CIB: Management webinar key takeaways

  • 10-15% LC deposit growth with 50 to 55% of that in CASA. North of 20% LC loan growth, 8-10% for FC, blended rate of 15%

  • Target bottom line of 15-17% higher than 2021 (which translates to EGP15-15.4 billion in 2022)

  • Proposed cash dividends of EGP5-6 billion, 25% of this year and last year's profits, up to CBE and board approval

Al Ahly Pharos Securities Brokerage
11 January 2022