Beltone Securities Brokerage executions reached EGP34 billion during FY2023

Beltone Holding (“Beltone” or the “Company”), one of the fastest growing financial institutions, announces its consolidated financial and operational results for the period ending December 31, 2023.

Securities Brokerage executions reached EGP34 billion during FY2023, a growth of 108% YoY, compared to EGP16.6 billion during the same period last year. Operating Revenue increased 75% YoY to EGP273 million on the back of increased commissions, as well as revamping the margin lending portfolio to reach EGP1.2 billion during FY2023. Beltone Securities Brokerage market share stood at 2.8% by end of 4Q2023 compared to 2.31% during 4Q2022.