May 15, 2014 / 8:57 PM / 3 years ago

Egypt's CIB reports 22 pct rise in Q1 profit

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CAIRO, May 15 (Reuters) - Egypt's biggest listed bank, Commercial International Bank, posted a 22 percent rise in first-quarter net income, the bank said in a statement on Thursday.

It said its quarterly income stood at 805 million Egyptian pounds ($113.18 million). The bank's revenues for the quarter rose by 16 percent to 1.8 billion pounds. CIB had in 2013 posted a 35 percent rise in net profit for the full year. ($1 = 7.1126 Egyptian Pounds) (Reporting by Thomas Perry and Shadia Nasralla; Writing by Yasmine Saleh; Editing by James Dalgleish)

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