CIB reports rise in profits for first half year

Commercial International Bank announced that its net profit for the first half of 2000 rose 5.5 percent compared with the corresponding period of 1999 — reaching £E185.9. 

Since the bank's lending rates rose, total interest received by both individual lendings and by other bank lendings rose 22.8 percent, reaching to £E 586.5 million.  

CIB also demonstrated significant growth as a result of an advancement in new services including credit cards and utility bill settlement, as well as referral fees from associates, reported the Business Monthly. — (Albawaba-MEBG) 

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