CI Capital’s revenues almost doubled y-o-y to EGP 3.1 bn in 1H 2023 on the back of strong growth across all of its business lines, it said in its earnings release ( pdf ) yesterday. Net income after tax and minority interest rose 52% to EGP 517 mn during the six-month period, backed by 92% growth in revenues.

Loan book reaches new high: CI Capital’s on-balance sheet financing portfolio reached a record EGP 20 bn during the January-June period, helping revenues at its leasing and mortgage lending businesses to more than double from 1H 2022. Revenues at Corplease rose 113% to EGP 1.76bn, accounting for more than 50% of the group’s topline. Meanwhile, its mortgage lending platform recorded EGP 88 mn in revenues, up 138% y-o-y.

Investment bank reports strong revenues: The group’s investment bank reported a 77% y-o-y increase in revenues to EGP 542 mn, with the bank advising on a number of key transactions. Its asset management arm quadrupled assets under management to EGP 55.9 bn during the period, driving a 296% surge in revenues to EGP 105 mn.

Tags: