CIB’s Investments In Govt. Debt Instruments 41.6% Up At End-March

The Commercial International Bank’s (CIB) investments in treasury bills and other government securities rose EGP 5.7 billion (41.6%) to reach EGP 13.7 billion at the end of last March, compared to EGP 8 billion at the end of 2012.

The bank’s loans and credit facilities offered to customers reached EGP 42.4 billion at the end of the first quarter of 2013, compared to EGP 40.7 billion at the end of last year, registering an increase of 4.2% (EGP 1.7 billion).

CIB’s financial statements showed that the bank’s deposit portfolio reached EGP 86.1 billion at the end of last March, compared to EGP 78.8 billion at the end of 2012, registering an increase of EGP 7.3 billion (9.3%).

The bank’s loans and credit facilities offered to banks fell to EGP 464.3 million at the end of last March, compared to EGP 1.2 billion at last year, registering a decline of EGP 735.7 million (61.3%).

The value of the bank’s assets reached EGP 101.5 billion at the end of last March, compared to EGP 94.4 billion at the end of 2012, registering an increase of EGP 7.1 billion (7.5%).

CIB reported standalone net profit of EGP 655.1 million at the end of last March, compared to EGP 512.6 million at the end of 2012. The bank reported consolidated net profit of EGP 658 million, compared to EGP 505 million at the end of 2012, registering a growth rate of 30.3%.