CIB tops private sector banks strengthening its financial position in the last 3 years

Commercial International Bank – Egypt «CIB» has significantly strengthened its financial position over the past 3 years, which is evident in the increase in the size of its portfolio to 1.21 trillion pounds by the end of 2024, compared to 496.65 billion pounds by the end of 2021, an increase of 712.67 billion pounds.

This strong performance prompted the bank to top the «First Bank» index of the private sector banks operating in the Egyptian banking sector, strengthening their financial position in the last 3 years.

The bank's asset portfolio has witnessed continuous increases over the past 3 years, rising by EGP 136.99 billion in 2022, then achieving a significant jump with an increase of EGP 198.88 billion in 2023, followed by a strong jump estimated at EGP 376.79 billion in 2024.

As for the portfolio's performance during the first quarter of this year, the volume of assets increased by about 3.9% during the first quarter of this year, reaching 1.26 trillion pounds by the end of March 2025, compared to 1.21 trillion pounds by the end of 2024, with a total increase of 47.34 billion pounds.

It is worth noting that the Commercial International Bank – Egypt «CIB» announced the results of the first quarter of this year, which revealed that its net profits rose to EGP 16.6 billion during the first quarter of 2025, compared to EGP 11.95 billion during the same period in 2024, with a growth rate of 38.9%, and a total increase of EGP 4.65 billion.  

Profit before income taxes jumped from EGP 17.51 billion during the first quarter of 2024 to EGP 22.7 billion during the same period in 2025, with a growth rate of 29.7% and a total increase of EGP 5.19 billion.

The bank's total loans to customers jumped by about 5% during the first quarter of this year, recording EGP 409.2 billion by the end of March 2025, compared to EGP 389.58 billion by the end of 2024, including EGP 328.44 billion for institutions and EGP 80.76 billion for individuals.

The bank's customer deposit portfolio increased by about 2.9% during the first quarter of this year, reaching 996.12 billion pounds by the end of March 2025, compared to 967.9 billion pounds by the end of 2024, distributed as follows: 571.56 billion pounds for individuals and 424.56 billion pounds for institutions.

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