Showing 7 of 7
  • 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.
  • Egypt Flag
    FIRST LOOK NOTES
    20 Mar 2024
    Commercial International Bank ...
    ACCUMULATE
    EGP 85.30
    EGP 96.00
    +12.54%

    Strong non-core income and increased lending supported profitability

    Commercial International Bank (COMI/ the Bank) net profit grew substantially from EGP 3,951 Mn in 4Q22 to EGP 7,229 Mn in 4Q23, lower than our estimates of EGP 7,998 Mn.
  • Egypt Flag
    FIRST LOOK NOTES
    10 Nov 2022
    Commercial International Bank ...
    BUY
    EGP 34.50
    EGP 50.00
    +44.93%

    Strong loan growth and NIMs aided profitability

    Commercial International Bank Egypt SAE (COMI/The Bank) net profit rose 15.6% YOY to EGP 4,408 Mn in 3Q22, higher than our estimate of EGP 4,188 Mn.

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