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CI Capital’s net income jumps by 31% YoY

The group’s investment bank recorded an 88% surge in revenues

What:

CI Capital released its consolidated financial statements for 2023, and here’s a quick breakdown…

Net income

jumped by 31% YoY to EGP 1.04 billion in 2023.

Revenues

surged by 68% YoY to EGP 6.6 billion in the same period, while its loan portfolio expanded by 4% YoY to EGP 18.3 billion.

Non-banking financial services:

In 2023, the net income of CI Capital’s leasing division, Corplease, spiked by 36% YoY, reaching EGP 701 million. Similarly, the net income of their microfinance division, Reefy, saw a 30% YoY jump, reaching EGP 434 million.

The Group’s Investment Bank:

It recorded an 88% climb in revenues to EGP 964 million. This growth was driven by strong performances across their brokerage, asset management, and investment banking divisions.