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The Commercial International Bank’s (CIB) board of directors meets on Wednesday to approve the financial statements of the first quarter of 2013.
The bank’s unconsolidated net profit rose 25.9% (EGP 453.8 million) to reach EGP 2.202 billion at the end of 2012, compared to EGP 1.748 billion at the end of 2011.
CIB’s annual revenues surged to EGP 5.34 billion in 2012. The bank’s consolidated financial statements showed that it achieved net profit of EGP 2.226 billion in 2012, compared to EGP 1.614 billion in 2011.
