CIB
CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row
Business
March 28, 2016
CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row
The governor of the Central Bank of Egypt (CBE) has responded to claims from businessman Naguib Sawiris that the CBE…
Egypt’s CIB appoints former central bank governor Ramez as managing director
Business
February 28, 2016
Egypt’s CIB appoints former central bank governor Ramez as managing director
Commercial International Bank (CIB), Egypt's largest listed company, said on Sunday it had appointed former central bank governor Hisham Ramez…
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
Business
February 15, 2016
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
The Egyptian stock market's benchmark index EGX 30 rose by around 0.95 percent, reaching 5,808 points in the first 15…
Egypt’s CIB to issue LE8 bn in financial instruments
Business
February 11, 2016
Egypt’s CIB to issue LE8 bn in financial instruments
Commercial International Bank (CIB), Egypt's largest listed company, said on Thursday its board had approved a plan to issue financial…
Banks consider $300 mn loan to Suez Canal Authority
Business
November 1, 2015
Banks consider $300 mn loan to Suez Canal Authority
Egyptian banks are considering a US$300 million loan to the Suez Canal Authority (SCA) to assist it with its financial…
CIB says Citi Egypt retail deal includes $140 mn worth of assets
Business
June 10, 2015
CIB says Citi Egypt retail deal includes $140 mn worth of assets
Commercial International Bank's (CIB) said on Wednesday its purchase of Citigroup's consumer banking business in Egypt includes about $140 million…
Newspaper: 8 banks offer LE10bn loan to Egyptian Electricity Company
Business
May 5, 2015
Newspaper: 8 banks offer LE10bn loan to Egyptian Electricity Company
A group of 8 banks have offered to provide the Egyptian Electricity Holding Company (EEHC) with a LE10bn loan, aimed…
CIB to submit offer for Citigroup’s Egyptian retail portfolio
Business
April 20, 2015
CIB to submit offer for Citigroup’s Egyptian retail portfolio
Egypt's Commercial International Bank (CIB) said on Monday its management had decided to submit a binding offer to acquire Citigroup's…
Banking official: Exports of foreign cash reach US$3 billion monthly
Business
April 5, 2015
Banking official: Exports of foreign cash reach US$3 billion monthly
Chairman of the Commercial International Bank Hesham Ezz al-Arab said the export of foreign currency bills have reached US$three billion…
CIB chairman optimistic of Egypt’s economic future
Business
February 26, 2015
CIB chairman optimistic of Egypt’s economic future
The head of Egypt’s largest private sector bank has voiced optimism of the future of the country’s economy and investment…