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Commercial International Bank Egypt SAE (COMI.CA)

COMI.CA on The Egyptian Exchange

75.25EGP
13 Aug 2019
Change (% chg)

£-1.54 (-2.01%)
Prev Close
£76.79
Open
£76.00
Day's High
£76.10
Day's Low
£74.85
Volume
1,161,365
Avg. Vol
935,777
52-wk High
£77.60
52-wk Low
£53.60

Latest Key Developments (Source: Significant Developments)

Commercial International Bank Egypt Q2 Profit Rises
Tuesday, 9 Jul 2019 

July 9 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::Q2 CONSOL NET PROFIT AFTER MINORITY INTEREST EGP 2.71 BILLION VS EGP 2.40 BILLION YEAR AGO.Q2 CONSOL NET INTEREST INCOME EGP 5.07 BILLION VS EGP 4.59 BILLION YEAR AGO.Q2 CONSOL REVENUES EGP 5.21 BILLION, UP 4% YEAR-ON-YEAR.  Full Article

Commercial International Bank Egypt Establishes Representative Office In Addis Ababa
Thursday, 18 Apr 2019 

April 18 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT SAE ::ESTABLISHES REPRESENTATIVE OFFICE IN ADDIS ABABA, ETHIOPIA.  Full Article

Commercial International Bank Egypt Shareholders Approve Capital Increase
Monday, 11 Mar 2019 

March 11 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::SHAREHOLDERS APPROVE ISSUED AND PAID-UP CAPITAL INCREASE TO EGP 14.69 BILLION FROM EGP 14.59 BILLION.SAYS CAPITAL INCREASE REPRESENTS 10.5 MILLION COMMON STOCKS TO BE RELEASED UNDER EMPLOYEES STOCK OWNERSHIP PLAN.  Full Article

Commercial International Bank Egypt Proposes FY Dividend
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::BOARD PROPOSES EGP 1.45 BILLION AS FY 2018 DIVIDEND.SAYS EGP 1.45 BILLION DIVIDEND BASED ON A DIVIDEND PER SHARE OF EGP 1, AFTER TAKING INTO ACCOUNT THE SUBSEQUENT SHARE DISTRIBUTIONS OF ONE SHARE FOR EVERY FOUR SHARES.  Full Article

Egyptian Exchange Says CIB Applies For Listing Of Capital Increase
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - EGYPTIAN EXCHANGE::SAYS COMMERCIAL INTERNATIONAL BANK EGYPT APPLIES FOR LISTING OF ISSUED CAPITAL INCREASE TO EGP 14.59 BILLION FROM EGP 11.67 BILLION.  Full Article

Egypt's CIB Board Approves Authorised Capital Increase
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::BOARD APPROVES AUTHORISED CAPITAL INCREASE TO EGP 50 BILLION FROM EGP 20 BILLION.  Full Article

Egypt's CIB Updates On Impact Of Proposed Tax Amendment
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::SAYS PROPOSED TAX AMENDMENT WILL NOT HAVE AN EFFECT ON 2018 FINANCIAL RESULTS.SAYS OUR 2019 PROJECTED PROFITS REVEAL DECLINE OF UP TO 5 PERCENT.SAYS DECLINE OF UP TO 5 PERCENT PROFIT IN 2019 DEPENDS ON WHETHER OR NOT LOAN LOSS PROVISIONS WILL BE INCLUDED WITHIN THE TAX TREATMENT.SAYS FEDERATION HAS STRESSED IN ITS RECOMMENDATIONS THAT LOAN LOSS PROVISIONS SHOULD NOT BE INCLUDED WITHIN THE TAX TREATMENT.  Full Article

Commercial International Bank Egypt Updates on Proposed Tax Changes
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT SAE ::SAYS PROPOSED TAX CHANGES WILL APPLY ON NEW TREASURY BILLS AND BONDS WITHOUT TAKING RETROSPECTIVE EFFECT.SAYS TAX RATE ON EARNINGS FROM TREASURY BILLS AND BONDS WILL REMAIN AT 20 PERCENT.  Full Article

Commercial International Bank Q3 Profit Rises
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - COMMERCIAL INTERNATIONAL BANK ::Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 2.59 BILLION VERSUS EGP 2.09 BILLION YEAR AGO.Q3 CONSOL NET INTEREST INCOME EGP 5.46 BILLION VERSUS EGP 3.57 BILLION YEAR AGO.  Full Article

Egypt's Raya Holding To Securitize Part Of Units Receivables Portfolio
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - RAYA HOLDING FOR FINANCIAL INVESTMENT ::SIGNS INITIAL AGREEMENT WITH COMMERCIAL INTERNATIONAL BANK EGYPT (CIB) TO SECURITIZE PART OF RECEIVABLES PORTFOLIO OF THREE SUBSIDIARIES BY ESTABLISHING SPECIAL PURPOSE COMPANY.  Full Article

MIDEAST STOCKS-Gulf stocks slide amid mounting fears of global slowdown

* Egypt ends four days of gains * Financials biggest drag on Egypt, Qatar * Dubai's property shares underperform * Saudi was closed for Eid holiday By Maqsood Alam Aug 15 Most Middle East stock markets dropped on Thursday as disappointing economic signals from China and Europe coupled with an inverted U.S. bond yield curve stoked fears that the global economy was hurtling toward recession. Gross domestic product growth in the 19-country euro zone slowe