Cairo – Mubasher: The stock of the commercial International Bank (CIB) went down 0.58% to EGP 76 with trading value worth EGP 20 million by 11:38 A.M on Wednesday session, ignoring the remarkable increase in the lender’s profits for 2016.
The bank’s GDRs listed in London Stock Exchange also slide by 0.44% to $3.96.
Earlier, CIB announced its financial statements for the fourth quarter of 2016 where it reported an increase of 35.8% to EGP 1.552 billion in net profits.
