Commercial International Bank (COMI) Banks

BUY
EGP 108.5
EGP 115.00
6%
  • 333,187,333,500
  • 3,070,851,000
  • 73 L H 111.7
  • 241,085,800

Financial

FY2021A FY2022A FY2023A FY2024A FY2025E
PE (x) 26.76 22.46 12.20 6.65 7.81
PB (x) 4.67 4.78 3.62 2.16 2.00
Dividend Yield (%) 0.55 0.50 0.51 2.30 2.65

Recent Research

  • Egypt Flag
    FIRST LOOK NOTES
    07 Nov 2025
    Commercial International Bank ...
    BUY
    EGP 109.45
    EGP 129.50
    +18.32%

    Egypt Equity Research - Commercial International Bank - Egypt (COMI) 3Q25 - First Look Note

    The Company released one-off provisions of EGP 13.1 Bn in 3Q25, including EGP 8 Bn in loan loss and EGP 5 Bn in contingent provisions for off-balance-sheet exposures. Net advances expanded 57.0% YOY and 7.1% QOQ to EGP 482.6 Bn in 3Q25. Customer deposit increased 16.3% YOY and 0.2% QOQ to EGP 1,047.5 Bn in 3Q25.
  • Egypt Flag
    FIRST LOOK NOTES
    08 Aug 2025
    Commercial International Bank ...
    BUY
    EGP 100.00
    EGP 115.00
    +15.00%

    Egypt Equity Research - Commercial International Bank (CIB) 2Q25 - First Look Note

    Net advances expanded 56.6% YOY and 18.4% QOQ to EGP 450.4 Bn in 2Q25. Total deposit increased 21.3% YOY and 4.5% QOQ to EGP 1,045.3 Bn, with retail and corporate Deposits expanding 22% and 21%, respectively, during 2Q25.
  • Egypt Flag
    FIRST LOOK NOTES
    20 May 2025
    Commercial International Bank ...
    BUY
    EGP 80.00
    EGP 110.00
    +37.50%

    Egypt Equity Research - Commercial International Bank - Egypt (CIB) 1Q25 - First Look Note

    Net advances grew 40.0% YOY and 7.7% QOQ to EGP 380.4 Bn in 1Q25. The Bank's asset quality strengthened as the NPL ratio improved from 3.3% in 4Q24 to 3.1% in 1Q25, owing to the ability to effectively reduce risk. Capitalization improved with a reported CAR of 26.8% in 1Q25 compared to 24.1% in 4Q24.
  • Egypt Flag
    FIRST LOOK NOTES
    07 Mar 2025
    Commercial International Bank ...
    BUY
    EGP 77.50
    EGP 110.00
    +41.94%

    Egypt Equity Research - Commercial Bank International (COMI) 4Q24 - First Look Note

    Net advances grew 49.7% YOY and 14.9% QOQ to EGP 353.1 Bn in 4Q24, primarily driven by a continuous rise in local currency loans. NIMs grew 138 bps YOY to 9.43% in 4Q24. The Bank's asset quality strengthened as the NPL ratio improved from 3.5% in 4Q23 to 3.2% in 4Q24, owing to the ability to effectively reduce risk.
  • Egypt Flag
    FIRST LOOK NOTES
    21 Nov 2024
    Commercial International Bank ...
    BUY
    EGP 80.20
    EGP 110.00
    +37.16%

    Egypt Equity Research - Commercial Bank International (COMI) 3Q24 - First Look Note

    Net advances grew 37.8% YOY and 6.9% QOQ to EGP 307.4 Bn in 3Q24 owing to an increase in local currency loans and a rise in demand for financing from businesses and individuals. NIMs grew 214 bps YOY but fell 5 bps QOQ to 9.2% in 3Q24.
  • Egypt Flag
    FIRST LOOK NOTES
    11 Oct 2024
    Commercial International Bank ...
    BUY
    EGP 87.00
    EGP 110.00
    +26.44%

    Strong core and non-core income growth coupled with healthy balance sheet growth drove profitability

    Gross loan portfolio reached EGP 331 Bn in 2Q24 owing to an increase in local currency loans.

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