Cairo – Mubasher: MubasherTrade Research on Sunday maintained its target price for the Commercial International Bank (CIB) Egypt at EGP 46.7.

The research unit gave a 'hold' recommendation, and added that the bank's positive financials for the first quarter of 2016 reflect the bank's efficiency and improved profitability.

CIB-Egypt reported a profit of EGP 1.29 billion ($145.63 million) in Q1-16, compared to EGP 1.11 billion ($125.31 million) in the same period in 2015.