ADIB CFO: To Continue Supporting Presence in Egypt

The transcript discusses the financial performance of a bank, highlighting a 55% increase in net profit and a 22% rise in revenues. Optimism is expressed for property prices in 2023, though not at the same growth rate as 2022. The bank is cautious about rising interest rates affecting consumers but has raised provisions to mitigate risks. Internationally, the bank focuses on its Egypt franchise, seeing it as a strategic long-term investment. Expansion plans include Turkey and Saudi Arabia, with significant growth in government deposits. The bank's profit margins have benefited from high interest rates, with expectations of a peak in June.

What measures are being taken to navigate the economic situation in Egypt?

What is the current trend in banking deposits, and what is driving this growth?

How does the speaker anticipate the trajectory of the ibore rate will change?