Cairo – Mubasher: Commercial International Bank (CIB) posted on Wednesday a 37.6% rise in consolidated net profits for the first quarter of 2015 to EGP 1.1 billion ($144 million), compared with EGP 805.7 million ($105.6 million) in the same period a year earlier.

Meanwhile, standalone financial results showed EGP 1.1 billion net profits, compared with EGP 778.7 million in Q1-14.

Egypt’s largest private-sector bank earlier posted EGP 3.7 billion ($485 million) in consolidated net profits for FY14, a growth of 23.3% year-on-year.