Beltone achieves record Operating Revenue of EGP957 million in 9M2023, a remarkable growth of 271% YoY. Net Profit recorded EGP86 million, an increase of 161% YoY, a strong testimony to a major transformation after 3 years of consecutive losses

Cairo, November 27, 2023: Beltone Financial Holding (“Beltone” or “the Company”), one of the fastest growing financial institutions, announces its consolidated financial and operational results for the period ending September 30, 2023.

Beltone’s new management embarked on a journey of restructuring and transformation, following the acquisition. Many functions were revamped, policies and procedures were deployed, the business was adequately capitalized through the recent Rights Issue, built a best-in-class team to manage, grow and diversify Beltone’s offerings and income stream while unlocking synergies.