Commercial International Bank’s consolidated net profit for the full year 2021 was approximately EGP 13.3 billion (approximately USD 845 million), at EGP 6.10 per share, up 30% compared to the year 2020. Data contained in a press release published on February 21, 2022 by the Egyptian bank on its activities for the 4th quarter of 2021.
Over the last three months of the year, consolidated net profit stood at EGP 3.37 billion, or EGP 1.53 per share, up 17% compared to the 4th quarter of 2020.
“After a year of continued uncertainty, CIB again delivered its record performance in 2021, reiterating its market leadership position in terms of profitability and solvency throughout the year while remaining committed to improving the ‘overall customer banking experience’, comments management.
Created in 1975 as a joint venture between the National Bank of Egypt (NBE, 51%) and Chase Manhattan Bank (49%) under the name “Chase National Bank of Egypt”, the CIB is now positioned as the leading private bank in the country on several aggregates.
