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Commercial International Bank Egypt SAE (COMI.CA)

COMI.CA on Cairo Stock Exchange

71.56EGP
3:00am EST
Change (% chg)

£-1.73 (-2.36%)
Prev Close
£73.29
Open
£73.20
Day's High
£73.20
Day's Low
£71.56
Volume
1,380
Avg. Vol
1,034,168
52-wk High
£96.50
52-wk Low
£67.00

Latest Key Developments (Source: Significant Developments)

Egypt's CIB Updates On Impact Of Proposed Tax Amendment
Wednesday, 5 Dec 2018 02:45am EST 

Dec 5 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::SAYS PROPOSED TAX AMENDMENT WILL NOT HAVE AN EFFECT ON 2018 FINANCIAL RESULTS.SAYS OUR 2019 PROJECTED PROFITS REVEAL DECLINE OF UP TO 5 PERCENT.SAYS DECLINE OF UP TO 5 PERCENT PROFIT IN 2019 DEPENDS ON WHETHER OR NOT LOAN LOSS PROVISIONS WILL BE INCLUDED WITHIN THE TAX TREATMENT.SAYS FEDERATION HAS STRESSED IN ITS RECOMMENDATIONS THAT LOAN LOSS PROVISIONS SHOULD NOT BE INCLUDED WITHIN THE TAX TREATMENT.  Full Article

Commercial International Bank Egypt Updates on Proposed Tax Changes
Tuesday, 27 Nov 2018 09:00am EST 

Nov 27 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT SAE ::SAYS PROPOSED TAX CHANGES WILL APPLY ON NEW TREASURY BILLS AND BONDS WITHOUT TAKING RETROSPECTIVE EFFECT.SAYS TAX RATE ON EARNINGS FROM TREASURY BILLS AND BONDS WILL REMAIN AT 20 PERCENT.  Full Article

Commercial International Bank Q3 Profit Rises
Wednesday, 7 Nov 2018 11:08pm EST 

Nov 8 (Reuters) - COMMERCIAL INTERNATIONAL BANK ::Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 2.59 BILLION VERSUS EGP 2.09 BILLION YEAR AGO.Q3 CONSOL NET INTEREST INCOME EGP 5.46 BILLION VERSUS EGP 3.57 BILLION YEAR AGO.  Full Article

Egypt's Raya Holding To Securitize Part Of Units Receivables Portfolio
Tuesday, 9 Oct 2018 04:00am EDT 

Oct 9 (Reuters) - RAYA HOLDING FOR FINANCIAL INVESTMENT ::SIGNS INITIAL AGREEMENT WITH COMMERCIAL INTERNATIONAL BANK EGYPT (CIB) TO SECURITIZE PART OF RECEIVABLES PORTFOLIO OF THREE SUBSIDIARIES BY ESTABLISHING SPECIAL PURPOSE COMPANY.  Full Article

Egypt's CIB Q2 Profit Rises
Thursday, 2 Aug 2018 12:20am EDT 

Aug 2 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::Q2 CONSOL NET PROFIT AFTER MINORITY INTEREST EGP 2.40 BILLION VERSUS EGP 1.83 BILLION YEAR AGO.Q2 NET INTEREST INCOME EGP 4.59 BILLION VERSUS EGP 2.96 BILLION YEAR AGO .AS OF END-JUNE 2018 CUSTOMER DEPOSITS STAND AT EGP 266.83 BILLION.AS OF END-JUNE 2018 LOANS AND OVERDRAFTS STAND AT EGP 107.08 BILLION.  Full Article

Egypt's Medinet Nasr Board Approves EGP 1 Bln Loan From CIB
Monday, 4 Jun 2018 03:42am EDT 

June 4 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::BOARD APPROVES MID-TERM LOAN OF EGP 1 BILLION FROM COMMERCIAL INTERNATIONAL BANK (CIB).LOAN TO FINANCE ZONE-T PROJECT AND TAJ CITY INFRASTRUCTURE.  Full Article

Egyptian Exchange Approves CI Capital Listing
Tuesday, 17 Apr 2018 09:00am EDT 

April 17 (Reuters) - EGYPTIAN EXCHANGE::LISTING COMMITTEE APPROVES LISTING OF CI CAPITAL HOLDING WITH ISSUED CAPITAL OF EGP 411.5 MILLION.  Full Article

IFC to Provide Egypt's CIB $100 MLN Subordinated Loan
Tuesday, 28 Nov 2017 02:26am EST 

Nov 28 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::SAYS INTERNATIONAL FINANCE CORPORATION (IFC) TO PROVIDE BANK WITH A SUBORDINATED LOAN OF $100 MILLION.SAYS SUBORDINATED LOAN HAS TERM TO MATURITY OF 10 YEARS.  Full Article

Commercial International Bank Egypt reports Q3 consol net income of EGP 2.09 bln
Wednesday, 8 Nov 2017 04:05pm EST 

Nov 8 (Reuters) - Commercial International Bank Egypt Sae : :QTRLY CONSOLIDATED NET INCOME OF EGP 2.09 BILLION, UP 23% YEAR-ON-YEAR‍​.QTRLY CONSOLIDATED REVENUES OF EGP 4.16 BILLION, UP 45% YOY.COMMERCIAL INTERNATIONAL BANK EGYPT SAE - QTRLY CONSOL NET INTEREST INCOME EGP 3.567 BILLION VERSUS EGP 2.532 BILLION YEAR AGO.COMMERCIAL INTERNATIONAL BANK EGYPT SAE - AS AT END-SEPT 2017, CAPITAL ADEQUACY RATIO STANDS AT 16.95 PERCENT VERSUS 13.9 PERCENT YEAR AGO.  Full Article

Egyptian Exchange approves listing of CIB's capital increase
Tuesday, 23 May 2017 04:08am EDT 

May 23 (Reuters) - Egyptian exchange ::Approves listing of Commercial International Bank Egypt's issued and paid-up capital increase to EGP 11.62 billion from EGP 11.54 billion.  Full Article

MIDEAST STOCKS-Egypt hits 18-month low, FAB lifts Abu Dhabi

Dec 4 Egypt's blue-chip index slumped to an 18-month low on Tuesday, weighed down by Commercial International Bank (COMI) and concern over a proposed law on taxation of Treasury holdings, while Abu Dhabi rose on banking sector gains.