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Profits of Egypt's largest listed bank rise 22% in Q1/2014
Ahram Online Published in Ahram Online on 16 - 05 - 2014

Egypt's biggest listed bank, Commercial International Bank (CIB), said on Thursday that first-quarter consolidated net income rose 22.4 percent from a year earlier to LE805.6 million ($113.18million) as its interest margin widened.
The bank's net interest income rose to LE1.36 billion during the first three months of the current year up from LE1.13 billion in the same period of last year.
Revenues in the period between January and March 2014 rose by an annual 14.2 percent to LE1.84 billion.
Deposits grew significantly by 19.4 percent during the quarter to LE102.7billion, while lending shrank 7.2 percent to LE42.4 billion compared to LE45.7 billion in the first quarter of 2013.
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