A resilient Q4!
2016 in figures:• +27% in terms of Profits, achieving EGP6.009bn vs. EGP4.729bn in 2015.
• Decrease by 47% of cost of risk to amount to EGP892.874m.
• Trading income improved to EGP1.315bn, i.e. +85% y-o-y growth
• Loans and advances to customers witnessed a 50% increase, reaching EGP85.224bn.
• NPL worsened at 6.76% of Loans and advances provisioned at 49.88%, while they represented 3.98% provisioned at 34.55% in 2015.
• Deposits amounted to EGP231.74bn (EGP155.234bn), i.e.
CIBT Education Group is an educational management organization. Co.'s business operations include education, media communications, and real estate development. Co.'s education business is conducted through CIBT School of Business & Technology Corp. and its subsidiaries in Asia, and through Sprott-Shaw Degree College Corp. in Canada. Co. operates its media communications business through IRIX Design Group Inc. and its subsidiaries. Co. established a new business operation called Global Education City Holdings Inc., which is an investment holding and management company with a focus on education related real estate projects in Canada such as student housing.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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