Commercial International Bank Q3 net profit up 37%

Egypt’s largest private sector bank, Commercial International Bank (CIB) posted third quarter net profit of 1.33 billion Egyptian pounds ($165.63 million), a 37 percent rise from the 972.086 million in the same period last year, it announced Tuesday.

CIB, the country’s biggest listed bank, said revenues for the third quarter were up 28 percent to 2.61 billion pounds compared with the same period last year.

Source: Reuters