Egypt’s CIB Says Q3 Net Income Rose 94.5 Pct, Beating Cpnsensus

By Amwal Al Ghad English On Nov 14, 2012

Commercial International Bank (CIB), Egypt’s biggest listed bank, said net income for the third quarter rose 94.5 percent, beating a consensus forecast.

Net income for the third quarter rose to 611 million Egyptian pounds ($100.14 million) from 314.2 million pounds in the third quarter of 2011.

Seven analysts polled by Reuters had predicted that net income for the quarter would be 545.1 million pounds.

Reuters