Consolidated net profit of Egypt's largest private bank by assets, Commercial International Bank, for 2009 grew 25% to EGP1.71bn ($311.4m), Reuters has reported. Net loans and overdrafts at CIB increased to EGP27.3bn as of December 31 from EGP26.3bn a year earlier, the bank said. Provisions in 2009 declined to EGP97.4m from EGP410.5m in 2008, the bank said.
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