CIB prof­its EGP5.7bn in 9 months

The Daily News Egypt - - Business -

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

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