CIB headquarters – REUTERS/ Amr Abdallah Dalsh
CAIRO – 9 May 2018: Commercial International Bank (CIB) announced its results for the first quarter of 2018, recording a profit of LE 2.02 billion, compared to LE 1.7 billion in the same period of 2017, with a 15 percent increase.
The financial indicators of the bank clarified that its net income recorded LE 3.2 billion in the three month that ended in March 2018, compared to LE 2.7 billion in the same period of 2017.
As per standalone profits, the bank recorded a profit of LE 2.017 billion in Q1-18, compared to LE 1.78 billion in the same period of 2017.
In 2017, the bank marked a net profit of LE 7.5 billion, including the minority’s rights, compared to LE 6 billion in 2016.
Commercial International Bank - Egypt is listed on Egyptian Exchange (EGX) since February 1995. It operates within the banks sector focusing on diversified banks.
It has 24 subsidiaries operating across Egypt and the United Kingdom. It was established in June 1975.
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