Commercial International Bank-Egypt (CIB) on Tuesday reported consolidated net income of EGP 20.1bn in the fourth quarter of 2025, up 57% year on year. Full-year 2025 consolidated net income reached EGP 82.2bn, or EGP 18.2 per share, marking a 49% increase compared with full-year 2024.
Consolidated revenues amounted to EGP 33.7bn in the fourth quarter, while full-year consolidated revenues reached EGP 117bn.
Commenting on the results, CIB’s management said the bank ended 2025 on a strong note, supported by relative stability in domestic macroeconomic conditions and its continued commitment to enhancing the overall customer banking experience.
“Echoing the stability and predictability witnessed in local macroeconomic conditions, CIB delivered another remarkable set of results in 2025,” management said. “Full-year net income reached EGP 82.2bn, growing by 49% year on year, equivalent to $1.7bn and representing growth of 59% in US-dollar terms.”
After normalising for the positive impact of the released provision amount related to the recalibration of the bank’s Expected Credit Loss (ECL) model—previously highlighted in earlier earnings releases—full-year net income would have amounted to EGP 70.6bn, or $1.5bn. This represents year-on-year growth of 28% in local currency and 36% in US-dollar terms.
Return on average equity (ROAE) stood at 48.3%, or 41.5% excluding the impact of the ECL recalibration. Management reiterated that the released provision amount is not recognised in the bank’s capital base, capital adequacy ratio (CAR), or net profit available for distribution, in accordance with Central Bank of Egypt (CBE) instructions.
Revenue growth and balance-sheet expansion
CIB’s performance was driven primarily by strong growth in core business activities. The bank’s top line expanded by 19% year on year, supported by balance-sheet growth of 19%, while net interest margins remained resilient at 8.95%, declining by a contained 53 basis points year on year despite cumulative policy rate cuts of 725 basis points during the year amid easing inflationary pressures.
Deposit growth remained robust, with the deposit base increasing by EGP 137bn, or 14%, to reach EGP 1.11trn. Local-currency deposits rose by 21%, adding EGP 115bn, while foreign-currency deposits increased by around $1bn, representing growth of 12%.
The share of current and savings accounts (CASA) rose to 61% of total deposits, up from 56% a year earlier, further supporting margins and spreads in a declining interest-rate environment.
Strong lending activity contributed to robust growth in the bank’s sustainable stream of non-interest income, with net fee and commission income rising by 30% year on year.
Gross loans expanded by 44%, or EGP 177bn, to EGP 576bn, reaching EGP 617bn after accounting for securitisation deals. Local-currency loans grew by 56%, adding EGP 157bn, while foreign-currency loans increased by 24%, equivalent to $562m.
Corporate lending was the main driver, with corporate loans rising by 45%, adding EGP 139bn. Around 55% of this growth was directed towards capital expenditure, while lending to small and medium-sized enterprises (SMEs) accounted for 26% of the loan portfolio.
As a result, the gross loan-to-deposit ratio rose to 52% in 2025, compared with 41% a year earlier, and reached 56% after accounting for securitisation deals. The local-currency loan-to-deposit ratio climbed to a record high of 71%.
Capital adequacy and dividends
CIB maintained a strong capital position, with a CAR of 27% and a Common Equity Tier 1 (CET1) ratio of 23%, after accounting for the proposed profit appropriation for 2025. The bank proposed a cash dividend representing a payout ratio of 25% of net profit, equivalent to 30% of the distributable portion.
Management said the bank’s capital strength provides sufficient capacity to support further lending growth, potential acquisitions under assessment, and investments embedded in its five-year strategy, including digital expansion plans. CIB confirmed it has applied for a digital banking licence and is ready to pilot its digital bank once approval is received.
Digital banking and customer growth
CIB’s solid performance was supported by continued investment in digital infrastructure. In 2025, more than 2 million users were active on the bank’s digital platforms, up 19% year on year. Transaction value across all digital channels increased by 60% to EGP 5.3trn.
The bank attracted more than 393,000 new-to-bank customers during the year, bringing its total customer base to 2.5 million. Credit card issuance exceeded 182,000 cards in 2025, compared with around 171,000 in 2024. Higher credit limits for more than 26,000 cards contributed to 21% growth in the credit card portfolio.
At the group level, CIB-Kenya recorded a turnaround in financial performance, generating positive pre-tax income for the first time since acquisition. Management reiterated its view of CIB-Kenya as a strategic African trade hub for the group.
Financial highlights
Revenues:
Fourth-quarter 2025 standalone revenues reached EGP 32.7bn, up 22% year on year. Full-year 2025 standalone revenues amounted to EGP 116bn, up 18%, driven by an 18% increase in net interest income and a 12% rise in non-interest income.
Net interest income:
Full-year 2025 standalone net interest income reached EGP 107bn, up 18% year on year. Total net interest margin (NIM) stood at 8.95%, down 53 basis points year on year. Local-currency NIM recorded 13.0%, down 10 basis points, while foreign-currency NIM declined by 85 basis points to 2.50%.
Non-interest income:
Standalone non-interest income reached EGP 8.75bn in full-year 2025, up 12% year on year. Trade service fees amounted to EGP 3.54bn, supported by an outstanding balance of EGP 297bn.
Operating expenses:
Standalone operating expenses rose to EGP 16.8bn, up 26% year on year. The cost-to-income ratio increased by 100 basis points to 14.5%, remaining well below the 30% benchmark.
Loans:
Gross loans reached EGP 576bn, growing by 44% or EGP 177bn during 2025. On a real basis, net of EGP appreciation, loan growth reached 47%, or EGP 184bn. CIB’s total loan market share stood at 5.26% as of September 2025, while private corporate loan market share reached 9.96% as of August 2025.
Deposits:
Deposits reached EGP 1.11trn, growing by 14% or EGP 137bn. On a real basis, net of EGP appreciation, deposits increased by 17%, or EGP 163bn. CIB’s deposit market share stood at 6.81% as of September 2025.
Asset quality:
Non-performing loans represented 1.67% of the gross loan portfolio and were covered 358% by loan loss provisions totalling EGP 34.5bn. Full-year 2025 impairment for credit losses recorded a net release of EGP 8.92bn, compared with a charge of EGP 4.47bn in 2024.
Capital and liquidity:
Total tier capital reached EGP 221bn, representing 27.3% of risk-weighted assets. Tier I capital stood at EGP 186bn, accounting for 84% of total tier capital.
Liquidity ratios remained well above regulatory requirements. The local-currency liquidity ratio stood at 54.7% at end-December 2025, compared with the CBE minimum of 20%, while the foreign-currency liquidity ratio reached 51.3%, above the 25% threshold. The net stable funding ratio (NSFR) stood at 186% for both local and foreign currency, while the liquidity coverage ratio (LCR) reached 549% for local currency and 567% for foreign currency, comfortably exceeding Basel III requirements.
