The profits of "Commercial International - Egypt" are down 14% in 9 months

Commercial International Bank - Egypt profits decreased during the first nine months of this year by 14%, to reach 7.3 billion pounds, compared to the same period last year 2019. < / p>

The bank said in a statement yesterday, Wednesday, that the bank’s revenues rose during the period by 14% on an annual basis, to reach 19.3 billion pounds, accompanied by a rise in net income Return by 22%, while the ratio of expenses to income decreased by 10%, to reach 20.7%.

and net income other than return decreased by 67%, while the bank maintained its position in both assets and deposits between private sector banks.

and the loan portfolio increased by 10% during the first nine months of the current year, compared to the same period last year, while that increase recorded an increase of 2% compared to the fiscal year Ending in December 2019, with total loans and facilities amounting to 134.9 billion pounds by the end of December 2020, compared to 131.9 billion pounds in December 2019.

The bank statement indicated that customer deposits increased during the first nine months of the current year by 8% compared to the same period last year 2019, while deposits increased by 9% to reach To 332.3 billion pounds compared to the fiscal year ending in December 2019.

and thanks to rational risk management systems, the bank succeeded in maintaining the quality of assets, as the ratio of non-performing loans to total loans decreased to 3.7%, compared to 5.3% in the period. Financial ending September 2019

Al-Tijari International explained that the bank's audit committee, under the guidance of non-executive board members, began contracting with an independent international professional institution, to conduct a comprehensive examination and evaluation of the bank's various supervisory functions, And those related to lending.

> The bank indicated that the supervisory functions are related to lending, and that it is not limited only to the areas that are covered by the limited examination conducted by the Central Bank of Egypt, but extends to further improve the commitment And a greater strengthening of the control environment, to improve risk management and instill a culture of governance.