Amwal Al Ghad English - 2015-07-30 08:55:54
Egypt's largest private sector bank, Commercial International Bank (CIB) (COMI), posted a 23 percent rise in second quarter net profits after minority interest compared to the same period last year, it said in a statement on Wednesday.
The bank's quarterly earnings were 1.15 billion Egyptian pounds ($146.87 million), up from 932 million in the same period last year. Revenues for the quarter rose 17 percent to 2.38 billion pounds, the bank said.
The bank said its deposits increased by 17 percent year-to-date to 143 billion pounds, with a deposit market share of 8.15 percent in April 2015, up from 7.84 percent in December 2014. More»