FRA grants CIB’s arm license to practice mortgage finance, factoring activities

Updated 6/19/2023 3:22:00 PM
FRA grants CIB’s arm license to practice mortgage finance, factoring activities

Arab Finance: The Financial Regulatory Authority (FRA) has granted Commercial International Finance, a subsidiary of Commercial International Bank – Egypt (CIB), a license to operate within the mortgage finance and factoring business, according to a disclosure issued by CIB on June 19th.

The company is close to fulfilling the necessary requirements to officially practice mortgage finance and factoring activities.

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