Latest in Highlight
Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks’ balance sheets
Achievement recognises CIB’s successful journey as pioneer in Egypt’s banking sector, its strong commitment to sustainable finance
The agreement, worth a total of EGP 1bn, will see CIB act as the Mandated Lead Arranger, Book Runner and Facility Agent. They will do so alongside other lending banks, namely the Arab Investment Bank (AIB), Egyptian Gulf Bank (EG Bank) and United Bank.
CIB adopts long-term strategy to develop digital channels, automate payments, says Mohamed Farag
Bank made allocations of EGP 2.260bn, compared to EGP 795m during same period in 2019
Daily News Egypt monitors profit decline of 12 banks out of 16 surveyed
IFC’s commitments in Egypt since 2005 has reached $4bn
Loan forms part of executive management plans to strengthen CIB’s capital base, in preparation for expected economic recovery
The Business News Composite Index consists of four main indicators that address safety standards, rapid growth, customer satisfaction, and social responsibility. These four indicators are, in turn, based on a set of 16 sub-indicators.
Bank equity shielded against currency weakness through $200m IFC, EBRD support loan packages
It supports solutions and programmes to increase the working capital of the supply chain network whilst lower financing costs, speeding up operations, and providing lower risk.
The CIB contribution will also be dispersed to the National Emergency and Crisis Fund, as part of efforts to combat the virus.
CVentures is excited at the prospect of working closely with Countingup, and we look forward to helping them achieve their vision and grow into additional markets: Director at CVentures
ROAE records 19.6%, ROA 2.5%, net profit decreases 9% y-o-y
The deal reflects our commitment to increasing trade between African countries, says Ezz Al Arab
Though asymptomatic, Abaza to undergo COVID-19 test, continues to work from home
CIB – Egypt ranks first with profits of EGP 11.8bn, QNB Alahli ranks second with profits of EGP 8.522bn
The new personal loan is dedicated to customers with a monthly salary starting from EGP 2,600. The personal loan ranges between EGP 10,000 – 30,000. The loan offers customers repayment in fixed instalments over 12-36 months, and a full waiver of all administrative and assessment fees.
Decrease in financing expenses supports profitability; improved corporate lending is major positive factor
CIB’s consolidated net income grows by 23% to EGP 11.8bn in 2019, proposes EGP 1.25 dividends per share
Bank aims to teach younger generation how to manage their money, grow their assets: deputy chief operation officer
The bank is the only Egyptian institution to be included among the 325 companies in Bloomberg’s Gender Equality Index
The bundle features a range of banking and non-banking benefits, based on the Bank’s BONUS Points reward scheme
The mobile banking service is powered by CR2’s digital banking platform, BankWorld, enabling rapid deployment of new services in a secure and highly scalable environment.
EDNC is designed as an office and retail complex and is developed with a focus on sustainability where the buildings’ form and facade are proportioned to provide ideal day-lighting through the optimum organisation of office space to encourage a healthier and productive environment by reducing its carbon footprint.
Expectations of continuing increase at 14,350-14,500 levels during this week: El Rawy
Real estate companies’ portfolio reaches about 15% of the total corporate credit portfolio in the bank and exceeds EGP 10bn to 800 clients: Abo Zikry
The Loan is segregated into Tranches A and B, with maturity of five and four years respectively, complemented by a grace period of five months.
Wadi Degla positioned as world-class club in squash
New programme offers wide-range products catering to the needs of SMEs