Commercial International Bank [COMI]: Commander-in-Chief
A leader even at times of war; OW/M maintained despite a lower 12MPT
Commercial International Bank [COMI]
Egypt / Banks / Core Coverage Update
12M PT: EGP41.1
set on 27 Sep 2022(+63%, was EGP47.0)
Investment Rating: Overweight | Risk Rating: Medium
Commercial International Bank – Egypt (CIB) [COMI] is considered a gateway, not only to the banking sector but also to the entire EGX. Being the biggest private-sector bank in terms of asset size, deposits base, and market cap magnifies its importance as well as its challenges. However, COMI proved its resilience, preserving the hard-earned strong status even at times of war, following a pandemic, without jeopardizing risk control for the sake of growth.
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Amany Shaaban
Equity Analyst
T +202 3300 5720
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