CIB accounts for 5.75% of total banking sector ATMs
First Bank
Commercial International Bank - Egypt has been able to add 32 new ATMs over the past year, bringing the total number to 1,339 by the end of last year, compared to 1,307 by the end of 2022.
This accounted for 5.75% of the total number of ATMs in the banking sector by 2023.
The main indicators of CIB - Egypt recorded a strong performance over the past year, with the Bank's net profits jumping by 78.4%, reaching EGP 28.8 bn in 2023, compared to EGP 16.1 bn in 2022, with an increase of EGP 12.6 bn.
Net fees and commissions income rose to EGP 5.4 bn in 2023, compared to EGP 3.1 bn in 2022, with a growth of 77.3% and an increase of EGP 2.4 bn.
Net interest income rose by 71.1% over the past year, to record EGP 52.7 bn in 2023, compared to EGP 30.8 bn in 2022, with an increase of EGP 21.9 bn.
The main share in the Bank's profits in 2023 jumped to EGP 8.59 per share, compared to EGP 4.8 per share in 2022, with a growth of 78.96% and an increase of EGP 3.79 per share.
Internet banking service's customer base rose to 1.5 mn users by the end of 2023, with a growth of 15% on an annual basis.
Mobile app transactions increased at an annual rate of 17%, reaching 13.3 mn transactions with a total value of EGP 348 bn by the end of 2023.
The Bank's assets portfolio rose at a 31.4% rate over the past year, registering EGP 832.5 bn by the end of December 2023, compared to EGP 633.6 bn by the end of 2022, with an increase of EGP 198.9 bn.
Total customer loans jumped by EGP 46.5 bn, registering EGP 265.1 bn by the end of last year, compared to EGP 218.6 bn by the end of 2022, with a growth of 21.26% on an annual basis.
