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Egypt's CIB Q3 net rises 29 pct, within forecasts

Wed Nov 11, 2009 4:26pm EST

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CAIRO, Nov 11 (Reuters) - Commercial International Bank (CIB) (COMI.CA) (COMIq.L) said on Wednesday its third quarter net income rose 29 percent from a year earlier, an official at the bank said, in line with analyst forecasts. Net profit at CIB, Egypt's biggest private bank by assets, rose to 413.4 million Egyptian pounds ($75.8 million) in the three months to Sept. 30, from a restated net profit of 320.6 million pounds a year earlier, the official said.

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Four analysts polled by Reuters estimated net income of 415 million pounds on average, with forecasts ranging from 368 million pounds to 444.5 million pounds. (Writing by Patrick Werr)

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