{"id":544875,"date":"2022-03-24T03:46:20","date_gmt":"2022-03-24T03:46:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/ci-capital-net-income-up-44-in-4q-2021\/"},"modified":"2022-03-24T03:46:20","modified_gmt":"2022-03-24T03:46:20","slug":"ci-capital-net-income-up-44-in-4q-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/ci-capital-net-income-up-44-in-4q-2021\/","title":{"rendered":"CI Capital net income up 44% in 4Q 2021"},"content":{"rendered":"

CI Capital\u2019<\/strong>s net income rose 44% y-o-y to EGP 269 mn in 4Q 2021<\/strong>, according to the company\u2019s earnings release (pdf)<\/a>. Consolidated revenues rose 20% during the October-December period to EGP 923 mn, with net interest income rising 9% to EGP 293 mn. On a full-year basis, CI Capital reported a 44% y-o-y increase in its net income, recording EGP 681 mn. Revenues rose 56% y-o-y in 2021, reaching EGP 3.68 bn, with non-banking financial services operations accounting for 57% of the total.<\/p>\n

The growth came on the back of increased lending activity across the firm<\/strong>, with CI Capital extending EGP 8.5 bn in new loans in 2021 pushing their on-balance financing sheet portfolio to EGP 11.3 bn, according to a press release (pdf)<\/a>. Meanwhile, investment banking also saw an \u201cunprecedented\u201d performance, growing 4.1x y-oy in 2021 as CI Capital executed six landmark agreements worth more than USD 1.6 bn during the year. CI\u2019s assets under management rose 44% y-oy to EGP 15.1 bn.<\/p>\n

Further expansion is in the cards:<\/strong> CI Capital aims to continue growing their merchant banking platform, Group CEO Hesham Gohar said. Last year, CI acquired a 26.8% stake<\/a> in Cleopatra Hospital through their JV with Banque Misr, MCI Capital Healthcare Partners. \u201cLooking forward, we remain very excited about furthering our expansion strategy, introducing new innovative solutions to our clients and enhancing our shareholder returns,\u201d Gohar said.<\/p>\n","protected":false},"excerpt":{"rendered":"

CI Capital\u2019s net income rose 44% y-o-y to EGP 269 mn in 4Q 2021, according to the company\u2019s earnings release (pdf). Consolidated revenues rose 20% during the October-December period to EGP 923 mn, with net interest income rising 9% to EGP 293 mn. On a full-year basis, CI Capital reported a 44% y-o-y increase in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[136,302,409,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544875","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-ci-capital","tag-earnings","tag-earnings-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"094bce70-4e7d-4967-8f8a-f2cc3ac989e3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544862],"teaser":"","voice_url":""},"yoast_head":"\nCI Capital net income up 44% in 4Q 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/ci-capital-net-income-up-44-in-4q-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CI Capital net income up 44% in 4Q 2021\" \/>\n<meta property=\"og:description\" content=\"CI Capital\u2019s net income rose 44% y-o-y to EGP 269 mn in 4Q 2021, according to the company\u2019s earnings release (pdf). Consolidated revenues rose 20% during the October-December period to EGP 923 mn, with net interest income rising 9% to EGP 293 mn. 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Revenues rose 81% for the quarter to record EGP 3.6 bn. For the full year, net income was up 5% to EGP 860 mn,\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/110.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588092,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/06\/ci-capital-doubles-income-revenues-during-1q-2023\/","url_meta":{"origin":544875,"position":4},"title":"CI Capital doubles income, revenues during 1Q 2023","author":"enterpriseam admin","date":"6 June 2023","format":false,"excerpt":"Investment bank and NBFS arms all see strong revenue growth","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546057,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/earnings-watch-sodic-idh-fawry-obour-land\/","url_meta":{"origin":544875,"position":5},"title":"Earnings Watch: SODIC, IDH, Fawry, Obour Land","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Real estate giant SODIC\u2019s bottom line more than doubled y-o-y in 1Q 2022 to reach EGP 226 mn, according to the company\u2019s earnings release (pdf). 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