Efg-hold.gdr S Regulatory News (EFGD)

EFG HERMES REPORTS FIRST QUARTER 2014 GROUP EARNINGS OF EGP119 MILLION; ON TOTAL OPERATING REVENUE OF EGP563 MILLION

Cairo, May 15th, 2014 - EFG Hermes reported today Group net profit after tax and minority of EGP119 million in 1Q2014 up 190% Y-o-Y. The Group operating revenue rose 14% Y-o-Y to EGP563 million in 1Q2014. Total assets stood at EGP69.5 billion at the end of 1Q2014.

http://www.rns-pdf.londonstockexchange.com/rns/1971H_-2014-5-15.pdfhttp://www.rns-pdf.londonstockexchange.com/rns/1971H_1-2014-5-15.pdf

Key Highlights

· The Group net operating profit rose 57% Y-o-Y to reach EGP224 million in 1Q2014, underpinned by the Investment Bank's strong performance. This resulted in a Group net operating profit margin of 40% for the quarter.

· With the Investment Bank and the Commercial Bank contributing positively to bottom line, the Group reported a net profit after tax and minority of EGP119 million, up 190% Y-o-Y; and a normalized earnings of EGP131 million.

· The Investment Bank's operating revenue increased 27% Y-o-Y to reach EGP246 million. Excluding the capital market activities, the core businesses of Advisory, Brokerage, Asset Management and Private Equity generated 46% of their revenues from regional operations with the remaining coming from Egypt operations.

· The Investment Bank's net operating profit rose 1560% Y-o-Y to EGP87 million in 1Q2014; reflecting higher revenue generation capabilities and the effective deployment of the cost optimization plan which was initiated last year.

· The Investment Bank bottom line turned profitable after seven quarters of reporting losses, with a net profit after tax and minority of EGP60 million. Adjusting for the one-off charges, the normalized net profit after tax and minority reached EGP72 million, representing 55% of the Group's normalized earnings.

· Credit Libanais reported a net profit of USD15.6 million in 1Q2014, a 3% Y-o-Y decline. The bank's total assets stood at USD8.6 billion with a loan-to-deposit ratio of 36.6%.

For full report and financial statements, please click on the links on top of the page.

For further information:

Investor Relations Contacts

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

Email: investor-relations@efg-hermes.com

www.efg-hermes.com