Thursday 10, May 2012 by Robin AmlĂ´t
Egypt’s CIB reports Q1 net income up 64 per cent on year-ago levels
Commercial International Bank (CIB) reported Q1 net income of EGP 505 million (EGP 0.80/share), up from EGP 308 million in Q1 2011. Consolidated revenues of EGP 1.15 billion were up 25 per cent while consolidated net profit before tax of EGP 745 million was up 92 per cent. The bank reported a standalone net interest margin of 4.5 per cent.
