CIB maintains strong net profit growth over 3 years following 2024 surge

Commercial International Bank – Egypt (CIB) continued to post strong profitability indicators in 2026, recording net profit of EGP 39.24 bn in H1 2026, following notable shifts in its income drivers over three years.

Over this period, CIB recorded an average half-yearly net profit growth rate of 44.6 per cent, as net profit increased from EGP 14.14 bn in H1 2023 to EGP 39.24 bn in H1 2026.

The most prominent turning point came in H1 2024, when CIB’s net profit surged 95.7 per cent to EGP 27.68 bn, supported by an environment characterised by higher interest rates and exchange rate movements.

Net interest income played a key role in this surge, rising 74.2 per cent to EGP 41.44 bn, compared to EGP 23.79 bn in the corresponding period of 2023 year-on-year.

This improvement was supported by the bank’s ability to benefit from higher yields, while controlling deposit costs and managing its resources efficiently, thereby boosting income generated from its banking activities.

In 2025, growth momentum shifted as the bank faced a comparison with an already elevated profit base. Nevertheless, CIB continued to strengthen its results, with net profit rising 20.7 per cent to EGP 33.41 bn.

Net interest income maintained its upward trajectory, growing 23.4 per cent despite the beginning of the monetary easing cycle, confirming its continued role as a key income source amid changing market conditions.

In H1 2026, net profit continued to grow, increasing 17.4 per cent to EGP 39.24 bn. However, the notable development was the different growth pace recorded by the bank’s two main income sources.

Net interest income continued to rise by 18.2 per cent to EGP 60.48 bn, supported by a 7.5 per cent decline in the cost of deposits and similar costs, despite changing interest rate conditions.

Net fee and commission income gained momentum. It grew 33.3 per cent in H1 2024 and 21.2 per cent in H1 2025, before accelerating to 39.7 per cent in H1 2026, reaching EGP 5.76 bn.

Accordingly, fee and commission income outpaced net interest income in terms of growth during 2026, although the latter continued to account for the largest share of the bank’s banking income.

Over the three-year period, net interest income recorded average annual growth of 38.6 per cent, compared to 31.4 per cent for net fee and commission income. Its 2026 acceleration highlights its growing contribution to revenues.

This trajectory reflects more than profit growth. Higher yields drove the surge in 2024, while the bank sustained growth over the following two years through expanding banking activity and evolving income sources.

CIB’s performance highlights its ability to increase profits despite changing monetary conditions, while net interest income retained its leading role and fee and commission income increasingly supported revenues, reflecting evolving profitability drivers.