Egypt's CIB, the country's biggest listed bank, said on Tuesday its second-quarter consolidated net income rose 28 per cent year-on-year as it diverted more money into profitable government securities.
Net income rose to 6
Commercial International Bank (CIB), Egypt's biggest private bank by assets, has posted a net profit for the quarter at EGP528.8 million ($94.37 million), up from a restated EGP472.0 million in the first quarter of 2009.
The bank said
Egypt's Commercial International Bank (CIB) said consolidated net profit for 2009 rose to 1,709.8 million Egyptian pounds ($311.4 million) from 1,365.4 million pounds in 2008.
Net loans and overdrafts at CIB, Egypt's No 1 private b
Egypt's Commercial International Bank (CIB), a leading private sector lender, has reported a second quarter 2009 consolidated net profit of EGP439 million ($79.2 million), compared to EGP527.3 million a year earlier.
The net profi
Dubai government-owned investor Dubai Capital Group has bought a 5.24 per cent stake in Egypt's Commercial International Bank (CIB), the two companies said in a statement on Sunday.
The Dubai group bought the shares from the Egyptian and L