The group operating revenue was EGP433m ($71.6m), against EGP417m ($69m) earlier quarter while its total assets stood at EGP53.6bn ($9bn).
For the first quarter of 2012, the group’s registered a net operating profit of EGP137m ($22.67m), with 128% growth compared to last quarter, and a net profit after tax and minority of EGP35m ($6m) compared to a loss of EGP14m ($2.3mm) during the fourth quarter a year ago.
The Arab lender said that its Investment Bank revenue for the latest quarter period grew by 31% quarter over quarter to EGP166m ($27.5m).
The group reported 80% growth in its revenue earned from capital markets and treasury operations which stood at EGP41m ($6.8m), mainly due to gains on investments made during the quarter.
Credit Libanais net income improved by 34% to $18.3m, and resulting in a pre-tax RoAE of 17.2%.
The bank reported that its revenues in the first quarter of 2012 was split as 62% from the Commercial Bank, 29% fee and commission income from the Investment Bank, and 10% revenue from capital markets and treasury operations.
