Sunday , December 5 2021

The combined Commercial Bank of Egypt raised 24% in 9 months from 2018 Latest news


The combined merchandise of the Egyptian Trade Bank (CIB) raised during the first six months of this year 24% year on year to LE 7 billion.

The combined consolidated net profit of the Bank for the first nine months of 2018 increased by 23.5% compared to the same period last year to reach LE 7 billion.

Deposits increased by 12% during the same period compared to the first nine months of 2017.

The ratio of loans rose to 42% deposits and the Board approved the distribution of shares arising from the increase in shareholders by a free share for every 4 shares.

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