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الاقتصادية - CNN
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الاقتصادية

2026-11-10T13:42:00.000Z

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الاقتصادية - CNN

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CIB up 2% as profits drop

CIB up 2% as profits drop

Commercial International Bank-Egypt’s shares rose 2% on the Egyptian Exchange on Tuesday, despite a 17% year-on-year decline in net profit in the third quarter of 2026 to EGP 23.8 billion, from EGP 28.75 billion. Operating revenues, meanwhile, increased 28% to EGP 37 billion. The drop in profit was partly attributed to the fact that the same period in 2025 included an exceptional EGP 13.1 billion reversal of provisions.

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