Cairo – Mubasher: Commercial International Bank (CIB) reported a 13% year-on-year profit increase during the second quarter of 2019.
Net profits amounted to EGP 2.715 billion in the three-month period ended 30 June, compared to EGP 2.399 billion in the year-ago period, the bank said in a statement to the Egyptian Exchange (EGX) on Tuesday.
From January to June, net income rose by 21% year-on-year to EGP 5.36 billion.
During Q1-19, CIB’s net profit surged by 30.69% to EGP 2.64 billion, compared to EGP 2.02 billion in the same period a year earlier, according to the bank’s consolidated financial results.
The bank’s net income hiked by 51.52% to EGP 4.94 billion in Q1-19 from EGP 3.26 billion in Q1-18.
