{"id":548071,"date":"2022-07-25T04:00:22","date_gmt":"2022-07-25T04:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/"},"modified":"2022-07-25T04:00:22","modified_gmt":"2022-07-25T04:00:22","slug":"cib-net-income-rises-9-in-2q-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/","title":{"rendered":"CIB net income rises 9% in 2Q 2022"},"content":{"rendered":"

CIB\u2019s net income rose 9% y-o-y to EGP 3.5 bn in 2Q 2022 <\/strong>as demand for short-term credit picked up, according to the bank\u2019s latest earnings release (pdf)<\/a>. The bank recorded revenues of EGP 6.9 bn, up 8% from the same period last year. CIB grew its local currency loan book by 20% during the first half of the year, fueling 16% growth in revenues and a 28% jump in net income which hit EGP 7.8 bn over the six-month period.<\/p>\n

What they said: <\/strong>\u201cCIB concluded the first half of 2022 with remarkable performance drawing on a resilient Egyptian economy that was able to control the inflationary pressures and pave the way for an encouraging local consumption and a recovery in investment, despite a much fluid global macroeconomic environment,\u201d the bank said.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB\u2019s net income rose 9% y-o-y to EGP 3.5 bn in 2Q 2022 as demand for short-term credit picked up, according to the bank\u2019s latest earnings release (pdf). The bank recorded revenues of EGP 6.9 bn, up 8% from the same period last year. CIB grew its local currency loan book by 20% during the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[204,240,302,409,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548071","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-banking","tag-cib","tag-earnings","tag-earnings-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"da62ec3b-8e6f-461f-b3da-39797757bc24","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548057],"teaser":"","voice_url":""},"yoast_head":"\nCIB net income rises 9% in 2Q 2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB net income rises 9% in 2Q 2022\" \/>\n<meta property=\"og:description\" content=\"CIB\u2019s net income rose 9% y-o-y to EGP 3.5 bn in 2Q 2022 as demand for short-term credit picked up, according to the bank\u2019s latest earnings release (pdf). The bank recorded revenues of EGP 6.9 bn, up 8% from the same period last year. CIB grew its local currency loan book by 20% during the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-25T04:00:22+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB net income rises 9% in 2Q 2022\",\"datePublished\":\"2022-07-25T04:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"CIB\",\"earnings\",\"earnings watch\",\"EnterpriseAM\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/\",\"name\":\"CIB net income rises 9% in 2Q 2022 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-07-25T04:00:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIB net income rises 9% in 2Q 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CIB net income rises 9% in 2Q 2022 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/cib-net-income-rises-9-in-2q-2022\/","og_locale":"en_US","og_type":"article","og_title":"CIB net income rises 9% in 2Q 2022","og_description":"CIB\u2019s net income rose 9% y-o-y to EGP 3.5 bn in 2Q 2022 as demand for short-term credit picked up, according to the bank\u2019s latest earnings release (pdf). 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The bank submitted documents to the EGX yesterday and the bourse is studying the proposal, it said, according to an EGX bulletin yesterday.The plan: CIB would issue EGP 10\u2026","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633849,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/22\/cibs-net-income-nearly-doubles-in-1h-2024\/","url_meta":{"origin":548071,"position":2},"title":"CIB\u2019s net income nearly doubles in 1H 2024","author":"enterpriseam admin","date":"22 July 2024","format":false,"excerpt":"The bank\u2019s performance during 1H 2024 is its strongest to date","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1628.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563697,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/cib-net-income-up-24-in-2q\/","url_meta":{"origin":548071,"position":3},"title":"CIB net income up 24% in 2Q","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"CIB\u2019s net income rose 24% y-o-y in 2Q2021, reaching EGP 3.21 bn from EGP 2.6 bn in the same period last year, according to the bank\u2019s quarterly financials (pdf) released yesterday. A 24% rise in fee and commission income offset a drop in net interest income, helping overall revenues to\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625356,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/earnings-watch-cib-ci-capital-phd-and-amer-group\/","url_meta":{"origin":548071,"position":4},"title":"EARNINGS WATCH: CIB, CI Capital, PHD, and Amer Group","author":"enterpriseam admin","date":"2 August 2018","format":false,"excerpt":"EARNINGS WATCH- \u2018Tis the season, ladies and gentlemen. Look for a flood of earnings reports from now through the mid-August filing deadline for 2Q\/1H results before we all collapse into a heap and enjoy a very long Eid Al-Adha break. CIB posts record second-quarter earnings. Our friends at Egypt\u2019s leading\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552110,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/11\/earnings-watch-telecom-egypt-reports-2q-2022-results\/","url_meta":{"origin":548071,"position":5},"title":"Earnings watch: Telecom Egypt reports 2Q 2022 results","author":"enterpriseam admin","date":"11 August 2022","format":false,"excerpt":"EARNINGS WATCH-Telecom Egypt\u2019s net income after tax rose 38.2% y-o-y in 2Q 2022 to record EGP 2.42 bn, according to the company\u2019s earnings (pdf). The telecom operator reported EGP 10.98 bn in revenues during the quarter, up 22% y-o-y. 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