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Results Review : Commercial International Bank 1Q20
Bottom line down on surge in COR and hefty tax margin; solid NII remains a key positive Commercial International Bank’s 1Q20 net profit decreased 9.2% y-o-y and 26.5% q-o-q to EGP2.4bn, mainly on higher provision formation and higher tax margin. Compared to 1Q19, the bank’s core banking income increased 21.4%…
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Source: Commercial International Bank