Latest in Tag: CIB Highlight

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Latest in Tag: CIB

CIB Q2 results below consensus: Beltone

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 …

Daily News Egypt

CIB increases spending limit on cards abroad for 3rd time

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 …

Daily News Egypt

Banque Misr, CIB amend spending limits on cards abroad

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 …

Hossam Mounir

The Commercial International Bank (CIB) hosted its first workshop entitled "Exchange Services for Companies" (Photo Public Domain)

CIB wins court judgment to sell CI Capital

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 …

Shaimaa Al-Aees