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Commercial International Bank - Egypt CIB (Commercial International Bank - Egypt CIB) Effective Interest Rate on Debt % : 364.94% (As of Jun. 2023)


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What is Commercial International Bank - Egypt CIB Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Commercial International Bank - Egypt CIB's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $1,590 Mil. Commercial International Bank - Egypt CIB's average total debt for the quarter that ended in Jun. 2023 was $436 Mil. Therefore, Commercial International Bank - Egypt CIB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 364.94%.


Commercial International Bank - Egypt CIB Effective Interest Rate on Debt % Historical Data

The historical data trend for Commercial International Bank - Egypt CIB's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Commercial International Bank - Egypt CIB Effective Interest Rate on Debt % Chart

Commercial International Bank - Egypt CIB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 635.70 311.19 278.32 236.10 348.30

Commercial International Bank - Egypt CIB Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 320.20 291.48 278.27 364.94 -

Competitive Comparison of Commercial International Bank - Egypt CIB's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Commercial International Bank - Egypt CIB's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Commercial International Bank - Egypt CIB's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Commercial International Bank - Egypt CIB's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Commercial International Bank - Egypt CIB's Effective Interest Rate on Debt % falls into.



Commercial International Bank - Egypt CIB Effective Interest Rate on Debt % Calculation

Commercial International Bank - Egypt CIB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1654.509/( (423.591+526.467)/ 2 )
=-1  *  -1654.509/475.029
=348.30 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=423.591 + 0
=423.591

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=526.467 + 0
=526.467

Commercial International Bank - Egypt CIB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -1590.364/( (410.97+460.609)/ 2 )
=-1  *  -1590.364/435.7895
=364.94 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=410.97 + 0
=410.97

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=460.609 + 0
=460.609

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Commercial International Bank - Egypt CIB  (OTCPK:CIBEY) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Commercial International Bank - Egypt CIB Effective Interest Rate on Debt % Related Terms

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Commercial International Bank - Egypt CIB (Commercial International Bank - Egypt CIB) Business Description

Traded in Other Exchanges
Address
21/23 Charles De Gaulle Street, Nile Tower Building, Giza, EGY
Commercial International Bank - Egypt CIB provides retail, corporate, and investment banking services. It has Retail banking division under that it has the Consumer Banking Division is the core engine to CIB's dynamic service offering, providing a broad range of retail clients in different customer segments, an extensive bundle of products and services tailored to satisfy their needs. The Business Banking segment serves over seventy seven thousand SMEs. The division works with clients across the industry, providing market-leading services and innovative, bespoke solutions for small and medium enterprises as it works to cement CIB's position as a bank of choice for business owners.

Commercial International Bank - Egypt CIB (Commercial International Bank - Egypt CIB) Headlines

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