Interim Results of H1 2020
(World News Egypt)

2020 Consolidated activity highlights IN LEBANESE POUNDS AT END-JUNE 2020 The persisting uncertainties characterising the Lebanese fiscal and economic environment continued to prevent a reliable and accurate reflection of the impact of the crisis on the financial statements, with the effects of the crisis exacerbated by the impact of the COVID-19 pandemic on the Group`s operations in all its markets of presence. The previously allocated impairments for credit losses, and the generated operating income, allowed the absorption of the losses on local financial assets, and the generation of an operating surplus that was fully allocated to provisions, within an adopted policy of allocation of all...