HC Securities & Investment - CIB

CIB, "1H08 Results," News Bulletin

hcsi — Wed, 13 Aug 2008 13:21:53 +0000

August 13th, 2008
1H08 Results: Some One-Offs but Core Banking Income Remains Strong

Low Cost of Funding Leads to Outstanding Net Interest Income

Commercial International Bank, "1Q08", News Bulletin

hcsi — Thu, 15 May 2008 12:41:32 +0000

May 15th, 2008
1Q08 Results: Operational Performance Surprises on the Upside Impressive Net Interest Income Growth
CIB's net interest income (NII) grew at quite an astonishing 62.7% YoY to EGP415.3 million. NII came in almost 10.6% above our expectations, and at a marked improvement of 19.3% from 4Q07. We attribute the growth to: (i) a 43.7% YoY increase in interest from loans and dues from banks as interbank deposits grew 3.2x YoY to reach EGP20.0 billion and gross loans grew by 23.5% YoY to EGP24.9 billion; and (ii) a mild advance in interest expense of 4.0% YoY in spite of a high growth in deposits of 49.5% YoY. These two items together smoothed the effect of falling yields in the local treasuries market that led to a decline in interest from T-bills and bonds of 41.9% YoY.

CIB, "FY07"; News Bulletin

hcsi — Mon, 25 Feb 2008 14:35:05 +0000

FY07 Results: Continued Solidity
Strong NII, Margins Come In FlatCIB's net interest income came in line with our estimates as it grew by 27.5% YoY to reach EGP1.2 billion in FY07.

CIB, "Spurring A Champion"; Update Report

hcsi — Tue, 12 Feb 2008 08:32:02 +0000

Summary

A Possible Merger with AAIB
CIB and Arab African International Bank (AAIB) agreed to exchange confidential information on an exclusive basis that could lead to a possible merger.

"CIB-Algeria"
CIB's Algerian subsidiary, which was established as a joint venture with the Sawiris family, is to begin operations during 2008 as soon as the local authorities grant final license approval.

Commercial International Bank: 1Q07 Results: Standing on Solid Ground

hcsi — Mon, 28 May 2007 12:14:49 +0000

May 14 2007

Commercial International Bank: 1Q07 Results: Standing on Solid Ground