Commercial International Bank (CIB) announced Tuesday a consolidated net income of EGP 28.8bn for the third quarter of 2025, bringing its nine-month net income to EGP 62.1bn, or EGP 18.5 per share – a robust 47% increase year-on-year.
Management attributed the strong results to a recalibration of the Bank’s Expected Credit Loss (ECL) model, resulting in the release of EGP 13.1bn in provisions. This amount, reflecting improved economic stability and predictability of monetary policy, was transferred to a Special Reserve in shareholders’ equity through the P&L statement. As per Central Bank of Egypt (CBE) regulations, the released amount is excluded from the Bank’s capital base, CAR, and distributable profit.
Following the adjustment, CIB’s loan loss provision balance stood at EGP 36.2bn in Q3 2025, covering 7.0% of total loans, down from 8.9% the previous quarter. Coverage for non-performing loans (NPLs) reached 281%, compared to 338% in Q2.
CIB’s top line grew 16% year-on-year during the first nine months of 2025, driven primarily by its core commercial banking operations despite lower FX revenues and interest margins. The Bank’s deposit base rose 16%, adding EGP 147bn to surpass the EGP 1trn milestone—making CIB Egypt’s first private-sector bank to reach this level. The share of current and savings accounts (CASA) improved to 60%, up from 55% a year earlier.
On the lending side, CIB’s gross loan portfolio expanded 47% year-on-year, or EGP 166bn, led by a 54% increase in corporate loans—40% of which were CAPEX-related. The Bank’s SME loan share rose to 25.4%, while it maintained the highest private-sector corporate loan market share at 9.65%. Non-interest income rose 22% year-on-year, bolstered by higher fees and commissions. The loan-to-deposit ratio climbed to 49.7%, reaching 52.3% including securitizations, with local currency loans making up 66.6%.
These results delivered a return on average equity (ROAE) of 45.9% for the nine-month period, while CIB maintained a CET1 capital ratio of 26% by the end of Q3 2025.
Digital and Operational Growth
The Bank also reported solid growth in its digital and retail operations. ATM financial transactions rose 9% year-on-year, with ATM cash volumes up 10%. Online banking transactions increased 17% in volume and 57% in value, reaching EGP 3.6trn across all digital channels. CIB now serves 2 million online users. The credit card business saw a strong performance, with 50,000 new cards issued in Q3 2025, bringing the year-to-date total to over 132,000 cards.
Financial Highlights
Revenues:
Standalone revenues for Q3 2025 reached EGP 28.7bn, up 13% year-on-year. Nine-month revenues totaled EGP 83.3bn, an increase of 16%, driven by a 20% rise in net interest income partially offset by a 21% decline in non-interest income.
Net Interest Income:
Nine-month standalone net interest income grew 20% year-on-year to EGP 78.4bn, achieving a total NIM of 8.92%. Local currency NIM rose to 13.0%, up 14 bps, while foreign currency NIM declined to 2.60%, down 96 bps.
Non-Interest Income:
Standalone non-interest income declined 21% to EGP 4.95bn. Trade service fees rose 2% to EGP 2.65bn, with an outstanding balance of EGP 297bn.
Operating Expenses:
Operating expenses increased 35% year-on-year to EGP 11.9bn. The cost-to-income ratio stood at 14.3%, up 202 bps, yet well below the Bank’s 30% target ceiling.
Loans:
Gross loans reached EGP 519bn, up 30% year-to-date (or 32% adjusted for currency effects), driven by 38% growth in local currency loans and 17% growth in foreign currency loans. CIB’s loan market share stood at 5.26% as of June 2025.
Deposits:
Total deposits reached EGP 1.04trn, rising 8% year-to-date (or 10% adjusted for currency effects). Local currency deposits grew 11%, and foreign currency deposits increased 10%. CIB’s deposit market share was 6.99% as of June 2025.
Asset Quality:
Non-performing loans represented 2.48% of gross loans, covered 281% by provisions. CIB recorded a net EGP 7.98bn release in credit loss impairments during the first nine months of 2025, compared to a EGP 3.74bn charge in the same period last year.
Capital and Liquidity:
Total tier capital reached EGP 226bn, representing 30.2% of risk-weighted assets. Tier I capital stood at EGP 191bn (85% of total). Liquidity remained strong, with local currency liquidity ratio at 58% and foreign currency liquidity at 58.4%, both well above regulatory thresholds. NSFR stood at 210% (LCY) and 185% (FCY), while LCR was 534% (LCY) and 518% (FCY)—far exceeding Basel III requirements.
