Pre-Trading Thoughts

Egypt's Banking Sector Poised for Another Leap Year Amid Surging Interest Rates We believe that Egyptian banks are well positioned to benefit from the current macroeconomic conditions, and we expect another year of exceptional profits with impact starting to appear in 1Q24. Key Factors Driving Strong Growth: Stronger NIMs: supported by higher yield on treasury investments even on stable exposure.Strong non-interest income growth will be driven by stronger FX gains on the revaluation of ...