Egypt's CIB says Q3 net income rose 94.5 pct, beating cpnsensus

CAIRO Tue Nov 13, 2012 4:22pm EST

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CAIRO Nov 13 (Reuters) - Commercial International Bank (CIB), Egypt's biggest listed bank, said net income for the third quarter rose 94.5 percent, beating a consensus forecast.

Net income for the third quarter rose to 611 million Egyptian pounds ($100.14 million) from 314.2 million pounds in the third quarter of 2011.

Seven analysts polled by Reuters had predicted that net income for the quarter would be 545.1 million pounds. ($1 = 6.1013 Egyptian pounds) (Reporting by Patrick Werr)