EGYPTBanks
Egypt / Banks / Thematic Note
Banks are heavily regulated by nature, and the implications of these regulations on their value cannot be overlooked. A change in one factor can have a domino effect on the entire banking sector, as we have seen in Egypt after several consecutive regulatory changes. The abrupt challenges brought about by the pandemic in 2020 were definitely revealing as they helped highlight points of strengths and weaknesses in Egypt banks. The sector in aggregate managed to navigate through those implications; some banks even have remarkably turned the situation into an advantage.
In this note, we discuss our main findings, not only taking a deeper look in the rear view mirror but also, forecasting this year which is seemingly just as volatile as last year. Ten EGX-listed banks are covered in this thematic note (please see Figure 1).
Amany Shaaban
Equity Analyst
T +202 3300 5720