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# CIB Egypt Posts FY2024 Net Income of EGP 55.2 Billion, Becoming First Egyptian Private Bank to Top $1 Billion
- URL: https://www.theglobalbanker.com/cib-egypt-fy2024-net-income-egp-55-billion-first-egyptian-private-bank-1bn/
- Published: 2025-02-19T17:19:00.000Z
- Updated: 2026-10-02T14:37:11.000Z
- Description: Commercial International Bank Egypt reported FY2024 net income of EGP 55.2bn, up 86% year-on-year, becoming the first Egyptian private-sector bank to exceed $1bn in annual net income.
- Author: TGB Editorial Team
- Tags: Banking News, MENA, #archive

Commercial International Bank Egypt announced full-year 2024 net income of EGP 55.2 billion, equivalent to approximately USD 1.1 billion, a rise of 86% compared with the prior year. CIB is the first domestically incorporated, privately owned bank in the country to surpass the USD 1 billion threshold in a single financial year.

Standalone revenues reached EGP 98.6 billion for the year, up 72%. The results were disclosed in the bank's fourth-quarter 2024 earnings release published on its investor relations platform on 19 February 2025.

#### MARGINS, CAPITAL AND BALANCE SHEET CIB's net interest margin widened 193 basis points to 9.48% and its cost-to-income ratio improved to 13.5%, while its capital adequacy ratio stood at 24.1%. Total assets passed EGP 1 trillion, with gross loans up 50% to EGP 399 billion and deposits up 43% to EGP 968 billion.