VOL. XLIII

No. 30

24-July-2000

EGYPT

While MIBank Records Modest 1% Growth During The Second Quarter

Misr International Bank (MIBank), another of Egypts large private sector banks, announced preliminary results for 2Q 2000, showing a 1.0% growth in net profits to E127.6mn ($36.8mn) in June 2000 from E126.3mn ($36.4mn) in June 1999. Unlike NSGB, MIBank saw customer deposits drop 1.2% to E7.69bn ($2.22bn) by the end of June 2000, compared to E7.78bn ($2.24bn) in December 1999. However, loans...