Latest in Tag: CIB Highlight
Latest in Tag: CIB
The association said, in a statement today, that following the MoU, cooperation, and coordination will take place between the two parties to ensure the strategy for developing exports to African countries is successful, through five areas of cooperation. They include activating and developing the exports of Egyptian companies, members of Expolink, to East African markets, in cooperation with the Bank’s partners.
Protocol entails providing diverse payment plans for SODIC’s delivered units
Bank’s efforts to educate youth on financial inclusion culminated in creation of YouTube video that was livestreamed on Bank’s official channel
Al-Ahly Sabbour’s CEO Ahmed Sabbour and CIB’s CEO of Retail Banking Ahmed Eissa inked a Tie-Up in the presence of senior officials from both companies.
Cashback credit card allows customers to receive up to EGP 500 cashback per month on various purchases
The last trading price for Fawry’s shares was EGP 19.350 per share, up 1.91%, and the company’s market value is currently estimated at EGP 32.8bn.
The higher figure reflects an increase of EGP 4.92bn, and compares to the current EGP 14.77bn. The request took place at the end of last week after obtaining the approval of the Central Bank of Egypt (CBE).
New segment serves small companies with annual sales turnover below EGP 50m
IFC aims to subscribe to entire value of issuance, estimated at $100m
Bank serves as event’s Sustainable Finance Partner, showcases 4 green finance programmes
The SME Academy is designed to invest in selected high potential employees, train and qualify eligible calibers to transform the small- and medium-sized enterprises (SMEs) into long-term sustainable businesses that support the Bank in achieving its SME goals.
NBE tops technology index and top spender on social responsibility
It won the awards for: Best Bank for Cash Management; Best Bank for Payment Services; Best Transaction Bank; Best Supplier Financing Initiative; and Best Financial Supply Chain Initiative.
Bank started 2021 on positive year following year marked by exceptional challenges and uncertainties, management said
The certification is guided by the World Bank’s Gender Equity Model, which identifies the areas of focus and maps out the needed actions to accomplish the model’s objectives in each area.
Bank was first bank in Egypt to implement Energy Efficiency Improvement Project in LED lighting transformation
Step comes in line with bank’s efforts to support local and global practices to mitigate climate change risks in short, medium, long term
Training programme is in line with Bank’s strategy to expand into Africa
Awards were part of annual survey conducted by Global Finance magazine, which involved banking analysts, corporate executives, tech experts
Dalia Abdel Kader discussed sustainable finance efforts in emerging markets
Q4 2020 consolidated revenue of EGP 6.58bn and net income of EGP 2.89bn, or EGP 1.75 per share, down 11% from Q4 in previous year
Future onboarding of new clients, growing customer base may be faster, less dependent on physical premises compared to previously, says Sherif Samy
Inclusion is bank’s third consecutive year of recognition for its strides in gender equality
CIB presents 2020 digital transformation results amid COVID-19
Bank to provide payment facilities to City Edge customers, mainly mortgage finance with 20-year repayment period within Central Bank’s initiative
Award launched in celebration of the bank’s five years of sustainability reporting
The Commercial International Bank (CIB) announced, on Wednesday, that it has furthered its commitment to environmental transparency by disclosing its environmental impact through the Carbon Disclosure Project (CDP).
Bank’s loan loss provision balance records EGP 15.4bn, covering 11.5% of total loan portfolio
Expanded partnership aims to increase lower-income employees’ financial literacy by providing access to banking services
Event highlights importance of Bank’s commitment to creating shared value while contributing to Egypt’s economic growth during global pandemic