Cairo – Mubasher: The Commercial International Bank – Egypt (CIB) posted on Thursday a rise of 35.6% in its consolidated net profits for the first quarter of fiscal year 2017 to EGP 1.75 billion, versus EGP 1.29 billion for Q1-16.
Net interest income increased in Q1-17 to EGP 2.78 billion from EGP 2.26 billion for Q1-16, according to a statement.
Standalone net profit for Q1-17 amounted to EGP 1.78 billion, 35% up from EGP 1.32 billion for Q1-16.
Customer deposits grew in Q1-17 by 41.6% year-on-year and 3.4% quarter-on-quarter.
The stock rose on Wednesday by 0.78% to EGP 77.14.
