CIB starts 2026 with bottom line + topline growth

CIB saw its net income climb 7% y-o-y to EGP 17.8 bn in 1Q 2026 on the back of higher net interest income, which saw a 17% y-o-y jump to EGP 29.7 bn, according to its latest earnings release (pdf). Higher net interest income helped offset the 7% y-o-y dip in non-interest income, which the lender attributed to “non-recurring [income] from selling shares of associates” in 1Q 2025. Revenues amounted to EGP 31.2 bn for the period, marking a 15% y-o-y increase.

Loan performance: The bank’s local currency loan-to-deposit ratio reached an all-time peak of 72%, bolstered by a 5% growth in deposits, amounting to EGP 33 bn, in the year’s first three months alone. The quarter’s loan growth was also driven by the institutional banking sector, which expanded by 8%, or EGP 41 bn.

What can we expect from the lender over the coming period? “Moving forward, and in light of the ambiguity surrounding the geopolitical, and subsequently the macroeconomic, scene, management currently places balance sheet resilience and operating model efficiency as its top priority and first line of defense, uncompromised by profitability aspirations,” management said.