What are the most profitable geographical sectors from CIB?

 

Commercial International Bank was able to achieve strong profits during the current year, as the bank’s net profit jumped from EGP4.24 bn during the first 3 months of 2022, to EGP6.08 bn during the same period of 2023, achieving a growth rate of 43.52%, and an increase of EGP 1.84 bn.

CIB’s net profits during the first quarter of this year came from the various regions of Egypt, but Greater Cairo sectors had the greatest impact, as the bank’s net profits reached EGP 4.91 bn during the first 3 months of 2023, compared to EGP 3.83 bn during the same period of 2023. 2022, achieving a growth rate of 28.15%, and an increase of EGP1.08 bn.

Greater Cairo regions acquired 80.63% of the bank's net profits during the first quarter of 2023.

As for its net profits from Alexandria and Delta, it constituted 17.21% of the bank’s net profits during the first 3 months of 2023, after it increased from EGP 364.44 mn during the first quarter of 2022, to EGP1.05 bn during the same period of the current year, achieving a growth rate of 187.38. %, an increase of EGP 682.89 mn.

CIB’s net profits from Upper Egypt regions reached EGP131.12 mn during the first quarter of 2023, compared to EGP 46.78 mn during the same period of 2022, achieving a growth rate of 180.32%, and an increase of EGP84.35 mn.

Upper Egypt regions acquired a very small percentage of the CIB's net profits, as it constituted only 2.16% during the third quarter of 2023.

For more details about Commercial International Bank - Egypt, click here