The exchange rate of the US dollar to Egyptian pound edged up to EGP 50.5 for buying and EGP 50.6 for selling at the National Bank of Egypt (NBE), Banque Misr, and the Commercial International Bank Egypt (CIB).

The Commercial International Bank Egypt (CIB) logged consolidated net profits attributable to the shareholders worth EGP 55.196 billion in 2024.

The Commercial International Bank - Egypt (CIB) has signed a $150 million concessional development financing agreement with the International Finance Corporation (IFC) to support micro-, small-, and medium-sized enterprises (MSMEs).

The Chairman of the Commercial International Bank of Egypt (CIB) Hisham Ezz El-Arab announced his decision to resign from his position within the next two to three years.

The Commercial International Bank (CIB) will pay cash dividends of EGP 0.55 per share to shareholders for 2023 as of April 24th, the bank stated on March 31st.

The Commercial International Bank (CIB), the largest private bank in Egypt, announced that the limit on foreign currency credit card usage in foreign currency will be lifted soon, Asharq Business reported, citing Chairman Hisham Ezz Al-Arab.

The Commercial International Bank Egypt (CIB) has selected IBM’s technology to integrate its services from branches, digital channels, mobile and internet banking, interactive voice response (IVR), business processes, and customer relationship management (CRM).

Commercial International Bank Egypt (CIB), Egypt’s largest private lender, has issued new one-year certificates of deposit (CD) in US dollars.

Tasaheel Microfinance and the Commercial International Bank (CIB) have issued securitized bonds worth EGP 3.34 billion over four tranches with different tenors, interest rates, and credit ratings.

Commercial International Bank Egypt (CIB) posted an 81% year-on-year (YoY) increase in consolidated net profit after minority interest for the first half (H1) of 2023.

The banking sector in Egypt led the list as CIB ranked 1st with a market value of $5.2 billion and total assets of $20.6 billion, followed by QNB Alahli.

The Commercial International Bank Egypt (CIB) has submitted documents to the Egyptian Exchange (EGX) to list the EGP 204.44 million increase in issued and paid-up capital.

Egypt’s largest private lender has introduced again the three-year Wealth CD with a fixed monthly interest rate of 19%. The minimum booking value for purchasing the certificate is EGP 5 million and multiples of EGP 1,000.