CIB tops private sector banks in increasing its deposits during last 3 years

Commercial International Bank «CIB» customer deposit portfolio has witnessed remarkable growth over the past 3 years, which is evident in its rise to 967.9 billion pounds at the end of 2024, compared to 406.10 billion pounds at the end of 2021, with a growth rate of 138.3%, and a total increase of 561.79 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 deposits in the last 3 years.

The bank's customer deposit portfolio has recorded continuous increases over the past 3 years, rising by EGP 124.02 billion in 2022, then achieving a significant jump with an increase of EGP 145.19 billion in 2023, followed by a strong jump estimated at EGP 292.59 billion in 2024.

As for the performance of the customer deposit portfolio during the current year, it rose to 996.12 billion pounds at the end of March 2025, compared to 967.9 billion pounds at the end of 2024, with a growth rate of 2.9% on a quarterly basis.

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.

Net income from returns increased by about 34.8%, reaching 25.3 billion pounds during the first 3 months of 2025, compared to 18.76 billion pounds during the same period in 2024, an increase estimated at 6.54 billion pounds.  

In terms of the bank's financial position, its portfolio 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, a total increase of 47.34 billion pounds.

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.

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