As per standalone results, the bank’s profits reached LE 5.001 billion, compared to LE 5.35 billion in the first half of 2019.
Funding will be allocated to small and medium-sized companies, to support them in meeting their needs amid the negative economic effects of the coronavirus pandemic.
“We aim to learn from the Kenyan market as it is a developed market for financial inclusion,” he noted.
In the context of its efforts to support the digital transformation and fulfilling the consumers’ needs
The Commercial International Bank (CIB) has won the best bank performance on the Egyptian Exchange EGX at bt100 Awards.
The bank’s revenues increased to LE 23 billion in 2019, marking an increase of 13 percent on a year-on-year (YoY) basis.
The memorandum of understanding is signed by Chairman of CIB Hisham Ezz al-Arab and CEO of the Institutional Sector of CIB Omar al-Janini.
The International Women's Squash Championship (CIB) quarter-finals in Egypt will end Wednesday evening at the foot of the pyramids. The total value of the World Championship awards is $ 430,000, sponsored by Commercial International Bank, as the highes
The loan proceeds will be used to finance the company’s future expansion and capital expenditures for the company’s new product.
The total CIB World Squash Championship 2019-2020 awards total $ 430,000, while the CIB Egypt International Open Squash 2019 Men's Platinum awards total $ 185,000.
As per the first half of 2019, the bank’s consolidated net income hit LE 5.36 billion, with a 21 percent increase compared to the same half of 2018.
HishamEzz Al Arab, Chairman and Managing Director of CIB, received the bt 100 crystal award on behalf of CIB for their Exemplary leadership in digital transformation.
As per standalone results, the bank marked a profit of LE 9.55 billion in 2018, compared to LE 7.55 billion in 2017, with an increase 26.55 percent.
CIB’s issued capital is LE 11.6 billion, distributed over 1.16 billion shares at a nominal value of LE 10 per share.
The dollar exchange rate settled at EGP 17.78 for buying and EGP 17.88 for selling at the National Bank of Egypt.
The share of CIB reacted positively with the results as it rebounded 1.63 percent by 10:45 a.m. (CLT), gaining LE 1.31 to hit levels of LE 81.88.
The Commercial International Bank (CIB) will join the four banks issuing Aman Certificate; the bankhasalready obtained all approvals.
As per standalone results, CIB’s profits rose 22.45 percent during the first six months of 2018, to LE 4.41 billion.
Pharos said the bank’s lending activity recorded a growth of 5 percent in the first quarter of 2018, compared to a 7 percent growth in the whole 2017.
As per standalone profits, the bank recorded a profit of LE 2.017 billion in Q1-18, compared to LE 1.78 billion in the same period of 2017.