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)
© 2000 Mena Report (www.menareport.com)
