CI Capital Holding reports highest-ever revenues

CI Capital (CICH.CA), the leading diversified financial services group, announced today its financial results for FY22, with revenues reaching EGP 3.9bn (up 9% on a non-adjusted basis y-o-y; 37% y-o-y after normalizing for one-offs in 2021), while net profit after tax and minority interest reached EGP 796mn (17% y-o-y increase), the highest in the Group’s history. The Group’s total on balance sheet lending portfolio also reached a record high of EGP 18.5bn, which corresponds to 67% growth y-o-y.

“CI Capital ended a challenging year with a solid set of financial results across all lines of business,” said CI Capital’s Group CEO, Hesham Gohar. “In addition to achieving growth across all subsidiaries within the Group’s market leading NBFS platform, the Investment Bank at CI Capital’s also delivered record growth across its lines of business, despite multifaceted challenges. “The Group continues to outperform its target for sustainable return of average equity of 20%+, registering an industry leading 21.6% in 2022. CI Capital’s cost-to-income remains within management’s target of ±40%, thanks to efficient resource optimization and prudent balance sheet management,” added Gohar.