The shares of the Commercial International Bank “CIP”, which is included in the Egypt Stock Exchange, increased by 0.87% during the trading of the session today, to circulate at the price of 79.94 pounds per share, interacting with the results of the annual profits announced.
The CIP shares trading at that time through 1.3 million shares with a trading value of 104.43 million pounds.
The highest price for the share at that time was at 80.40 pounds per share, while the lowest price for the share was at 79.82 pounds.
The share of the International Commercial Bank (Egypt) witnessed a positive interaction after announcing the collected financial statements for the year 2024, which showed an increase in the bank’s profits by 86.24% on an annual basis.
According to the results, the bank’s net profit reached 55.25 billion pounds in 2024, compared to 29.67 billion pounds in 2023, taking into account the rights of the minority.
The bank’s net income from the return during the past year increased to 91.06 billion pounds, compared to 52.92 billion pounds in 2023.
As for the level of independent lists, the bank’s profits increased to 55.43 billion pounds in 2024, compared to 28.76 billion pounds in 2023.
With regard to the financial results for the first nine months of 2024, the bank achieved a net profit of 42.34 billion pounds, compared to 22.4 billion pounds in the same period last year, taking into account the minority rights.
The bank’s net income from the return during that period also recorded 65.68 billion pounds, compared to 37.73 billion pounds in the same period in 2023.
On the level of unacceptable lists, the bank’s independent profits from January to the end of September 2024 achieved about 42.55 billion pounds, compared to 21.73 billion pounds in the same period in the previous year.
