Interim Results

Commercial Intnl Bank (Egypt) SAE
08 August 2007



PRESS RELEASE

CIB's bottom line profits rose by 67% year on year (YoY) to record LE 647
million.

The growth came as a result of 25% increase in normalized operating revenues, a
one-time capital gain of LE 148 million associated with the merger transaction
involving CI Capital Holding, the bank's investment banking subsidiary, and a 9%
decline in Administrative and Personnel cost, from LE 268 million in June 2006
to LE 243 million in June 2007.

Key to the growth in Operational Revenues was the success of the bank's strategy
to focus on Non-Interest Income which grew by 44% YoY to record LE 368 million.

Accordingly, half-year Earning Per Share (EPS) grew to LE 3.32 up from LE 2.29
in 2006.

Total Assets grew by 8.6% during the first half of 2007 to reach LE 40.6 bln,
while Net Loans rose by 13% to reach LE 19.7 bln, representing 48.6% of total
Assets.

Consequently, Net Loans / Total Deposits rose from 53.2% to 55.1% for the first
6 months of the year.

Portfolio quality is maintained as NPLs represent 3.32% of the Total Loans, with
Coverage reaching 187%.

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related to this announcement: 

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