Company Profile For Commercial International Bank (Egypt)

Commercial International Bank (Egypt) (CIB) is an Egypt-based financial institution that carries out commercial banking activities in Egypt through its head office and 105 branches. The Bank offers its services through three business units: Institutional Banking, Small- to Medium-Sized Enterprises (SMEs) and Consumer Banking. Its Institutional Banking segment covers corporate banking, treasury, direct investments and structured finance. The SMEs division offers short- and medium-term financing, contract financing and guarantees. Its Consumer Banking division offers accounts, loans, residential property finance, CIB wealth, and a range of CIB debit and credit cards. CIB also offers investment services through its subsidiary, CI Capital Holding Company.

BRIEF: For the six months ended 30 June 2009, Commercial International Bank's total interest income increased 20% to EGP2.02B. Net interest income after loan loss provision increased 525 to EGP893.8M. Net income decreased 8% to EGP907.7M. Total interest income reflects an increase in the demand for the bank services and products. Net income was offset by a substantial increase in fees and commission expense as well as general and administrative expenses.