CIB profits EGP5.7bn in 9 months
Commercial International Bank (CIB) posted a record profit of EGP 2.1bn in the third quarter (Q3) of 2017, up 23% year over year (YOY),according to the bank.
Its revenues rose by 45% during Q3 of 2017 compared to the same period last year, reaching about EGP 4.2bn.
During the first nine months of this year, the bank’s profits reached EGP 5.7bn, up 27% YOY. Revenues rose to EGP 11bn, up 35%.
Hisham Ezz Al-Arab, chairperson and managing director of CIB Egypt