Commercial International Bank (CIB) reported pre-tax profits of 41.6 billion Egyptian pounds by the end of December 2023, compared to 23.941 billion Egyptian pounds by the end of December 2022, marking an increase of 17.712 billion Egyptian pounds.
The consolidated financial statements revealed that the bank achieved a net profit of 29.710 billion Egyptian pounds by the end of December 2023, compared to 16.172 billion Egyptian pounds by the end of December 2022.
Loan yield and similar revenues reached approximately 104.028 billion Egyptian pounds by the end of December 2023, compared to 55.723 billion Egyptian pounds by the end of December 2022.
It was noted that the cost of deposits and similar expenses amounted to around 51.098 billion Egyptian pounds by the end of December 2023, compared to 24.718 billion Egyptian pounds by the end of December 2022.
