CIB's strategy revolutionizes the loan sector, achieving significant success in 2024

3/27/2025 3:31:36 PM

The bank recorded the fastest annual growth in the last decade and grabbed the top of the largest private sector banks in loans by the end of June. Commercial International Bank (CIB) Egypt has established its leading position in the banking sector over the past year To write a new chapter in the finance market, thanks to its smart strategies and outstanding performance The Bank has achieved a record milestone in the loan sector over the past year. The fastest annual growth in its history over the past decade s strategic vision and its ability to innovate in a volatile environment.

This achievement would not have seen the light of day but for the tireless efforts of the experienced team, led by Hisham Ezz Al-Arab, the bank's chief executive, who led the transition with exceptional professionalism, enhancing the confidence of customers and the bank's partners in its ability to overcome challenges and seize emerging opportunities.

A monitoring by First Bank revealed that total loans to customers rose by 124.471 billion pounds, reaching 389.575 billion pounds by the end of 2024, compared to 265.104 billion pounds by the end of 2023, with a growth rate of 46.95% year-on-year.

Thanks to this record growth, the Bank has released the First Bank Credit Competitiveness Index in the Egyptian Stock Exchange in 2024, and you can view the list in full by clicking here.

Net profits jumped to Pound55.427 billion in 2024, compared to Pound28.768 billion in 2023, a growth of 92.67%, and a total increase of Pound26.659 billion.

At the bank's financial position, its portfolio of assets rose by 45.26% over the past year, reaching 1.209 trillion pounds by the end of 2024, compared with 832.527 billion pounds by the end of 2023, an increase of 376.791 billion pounds.

The customer deposit portfolio rose by 43.33% in 2024, registering 967.895 billion pounds by the end of last year, compared with 675.31 billion pounds by the end of 2023, an increase of 292.585 billion pounds.

For more details about Commercial International Bank and its highlights, click here.