Egypt's CIB profit jumps 25pc to $311m
Cairo, February 18, 2010
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 bank by assets, increased to 27.30 billion pounds from 26.3 billion pounds, the bank said in an emailed statement. -Reuters
