Latest in Tag: CIB Highlight
Latest in Tag: CIB
Afreximbank’s portfolio in Egypt is $5.2bn until 2017, says Oramah
The Commercial International Bank’s (CIB) bottom line in the second quarter (Q2) of 2017 came in at EGP 1.8 bn (+25% y-o-y, +6% q-o-q), c.3-4% below both the market’s consensus estimates, Beltone said in a recent research note. The note attributed the reason for the marginal miss compared to their estimates to the higher-than-expected effective …
The bank is the first to use the Qmatic tickets for a CSR initiative, profits will be split equally, says Khalifa
EG Bank doubles its financial position, remains fastest growing bank for the second year in a row
List of banks includes Banque Misr, NBE, AAIB, CIB, and QNB
CI Capital plans to increase its capital and offer the company on the stock market in Q4
It is scheduled to offer CI Capital on the stock market within a year after the deal
The Commercial International Bank (CIB)-Egypt has raised the upward return of the savings account in the Egyptian pound to reach 12.5% annually, as part of the bank’s commitment to providing a diverse package of innovative and developed banking products to meet the needs of its clients. According to a report issued by the bank, the …
AUC V-Lab celebrates the graduation of the first cycle of FinTech Accelerator
The cooperation between major economic entities will increase the volume of financial transactions in the official market and support SMEs, Ezz Al-Arab says.
CIB realised that microfinance organisations and their customers are the most dynamic sectors that should be supported, says Farag
CIB board of directors agree to obtain a supporting loan worth $300m
The National Bank of Egypt (NBE), Banque Misr, and the Commercial International Bank (CIB)—as managers of placement, promoters, and underwriters—have issued and covered a new batch of securitisation bonds for Corplease Financial Leasing at a total value of EGP 1.148bn on four segments with different maturity periods ranging between 1-7 years. The NBE’s share in …
Technical analysts predicted that the deal would push CIB shares towards EGP 73-74
The share ensures that the interests of the bank and CI Capital are preserved
Naguib Sawiris not directly or indirectly included in negotiations
The Commercial International Bank (CIB) increased its spending limits on its cards abroad for the third time this month, following the liberalisation of the exchange rate. The bank announced on its website that it increased the purchase limits on its White and Classic credit cards to EGP 50,000 up from EGP 35,000 per month. The …
Banque Misr and the Commercial International Bank (CIB) decided to amend the spending limits imposed on their cards for usage abroad. Other banks are still considering whether to follow suit. Mohamed El-Etreby, chairperson of Banque Misr, said that the bank changed the spending limit on its cards abroad. The bank’s Classic card spending limit was …
Sunday marks the first day of the Egyptian pound’s complete flotation in the top five banks operating in the market, following the Central Bank of Egypt’s (CBE) decision to liberalise the exchange rate on Thursday.
The attacker tried to storm the bank and used a gun to shoot 2 officers, says Interior Ministry
Proper legislation has to be issued to incorporate the informal economy into the official one, says president of global customer relations at CIB
Payfort, a company specialised in electronic payment services in the Middle East, has started offering customers of the Commercial International Bank (CIB) a service by which they can pay for products purchased on e-commerce websites in instalments. The instalment programme is one of the most successful means of enabling e-commerce websites to increase their sales, …
In the first half of 2016, funding to businesses and individuals reached EGP 60.3bn, marking a 6% increase
The service also includes connecting CIB cards with mobile phones, allowing customers to receive their domestic and international dues, such as transfers and salaries, as well as make deposits and withdrawals using ATM machines after obtaining regulatory approvals.
The EGX kept moving upwards during last week, registering a 1.76% rise as it increased from 7,453.1 points to 7,618 points.
The bank finances these projects by providing EGP 50,000 to EGP 25m, and is keen to reach the owners of those projects in all of Egypt’s governorates.
EFSA is only concerned about the violations that require reconciliation or resorting to courts, says Samy
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
The Cassation Court ruled in Commercial International Bank-Egypt’s (CIB) favour in its a legal dispute with the shareholders of CI Capital, 99.98% of whose shares the bank now owns, according to press statement on Thursday. The statement said that the judgement allows CIB-Egypt to proceed with the completion of a deal to sell CI Capital …
EGX-30 to range between 7,250 and 7,650 points