Commercial International Bank was able to significantly increase its customer loans during 2022, as it succeed

CIB tops the listed banks in loans Competitiveness Index

3/9/2023 10:52:00 AM

Commercial International Bank was able to significantly increase its customer loans during 2022, as it succeeded in increasing its total loans to EGP218.6 bn last year, compared to EGP163.1 bn by the end of 2021, with an increase value of EGP55.5 bn.

Due to the increase in its corporate finance to EGP165.345 bn by the end of 2022, compared to EGP 122.024 bn by the end of 2021, with a growth rate of 35.50%, and an increase of EGP43.321 bn.

An increase in its individual loans by about 29.77%, to rise from EGP 41.063 bn at the end of 2021, to EGP53.287 bn at the end of 2022, an increase of EGP12.224 bn.

Asset portfolio jumped by 27.58%, to reach EGP633.64 bn at the end of last year, compared to EGP496.65 bn at the end of 2021, an increase of EGP 136.99 bn.

savings pools rose, reaching EGP530.12 bn by the end of 2022, compared to EGP406.10 bn by the end of 2021, an increase of EGP 124.02 bn.

Moreover, total loans portfolio reached EGP 218.63 bn by the end of 2022, compared to EGP163.9 bn by the end of 2021, achieving a growth rate of 34.06%, and an increase of EGP55.55 bn.

Net profit reached EGP16.130 bn in 2022, compared to EGP13.420 bn in 2021, with a growth rate of 20.19%, and an increase of EGP2.710 bn.