Earnings Report /
Egypt

Suez Canal Bank: Strong quarter despite weak top-line; Lending activity grows

  • Bottom-line expands sequentially on higher efficiency and lower effective tax rate

  • Bottom-line increases annually on lower provisioning and effective tax rate despite a weak top-line; LDR expands

  • Positive set of results; Estimates under review

Bassma Bakry
Al Ahly Pharos Securities Brokerage
15 November 2021