CAIRO, May 13 (Reuters) - Egypt's largest private sector bank, Commercial International Bank (CIB) , on Wednesday reported a 38 percent rise in first quarter net profits compared to the same period last year.
It said its quarterly earnings were 1.11 billion Egyptian pounds ($145.31 million), up from 805 million in the same period last year. Revenues for the quarter rose 47 percent to 2.584 billion pounds.
CIB had in 2014 posted a 36 percent rise in net profit for the full year. ($1 = 7.6250 Egyptian pounds)
(Reporting By Stephen Kalin) ((stephen.kalin@thomsonreuters.com; +20 101 584 1700; Reuters Messaging: stephen.kalin.thomsonreuters.com@reuters.net))
It said its quarterly earnings were 1.11 billion Egyptian pounds ($145.31 million), up from 805 million in the same period last year. Revenues for the quarter rose 47 percent to 2.584 billion pounds.
CIB had in 2014 posted a 36 percent rise in net profit for the full year. ($1 = 7.6250 Egyptian pounds)
(Reporting By Stephen Kalin) ((stephen.kalin@thomsonreuters.com; +20 101 584 1700; Reuters Messaging: stephen.kalin.thomsonreuters.com@reuters.net))