Commercial International Bank

AfDB supports CIB with $148M to prop up SMEs and trade

Thu, 30 Nov 2023 - 05:40 GMT

The AfDB clarified that the instruments and amounts include $10 million Line of credit with a tenor of 10 years, and $90 million subordinated loan with a tenor of 10 years.

CIB general assembly approves appointing Hisham Ezz Al-Araba as non-executive Chairman

Mon, 20 Mar 2023 - 04:03 GMT

In December 2022, renowned banker Hisham Ezz El Arab was nominated by the CIB Board of Directors to be appointed as a non-executive chairman of the board of directors, after obtaining the approval of Egypt's Central Bank.

Fitch revises CIB's outlook to stable; affirms IDR at 'B+'

Tue, 03 Aug 2021 - 02:48 GMT

Fitch saw that pressures on the domestic operating environment have eased since end-3Q20, moderating downside risks to Egyptian banks' credit profiles. This reflects improving foreign-currency (FC) liquidity, with the banking sector's net foreign assets (NFAs) reaching $3.5 billion at end-April 2021.

CIB logs profits of LE 10.23B in 2020

Mon, 01 Mar 2021 - 11:22 GMT

As for the bank's standalone financial statements, it achieved profits of LE 10.29 billion during 2020, compared to profits of LE 11.8 billion in 2019.

CIB to contract with int'l firm to conduct comprehensive assessment of oversight posts, lending processes at bank

Wed, 16 Dec 2020 - 03:31 GMT

The CIB's net profit declined to LE 7.34 billion during the period from January to September, 2020, compared to LE 8.53 billion recorded during the correspondent period in 2019.

CIB announces new board of directors headed by Sherif Samy

Mon, 26 Oct 2020 - 11:24 GMT

The new board of directors is headed by Sherif Samy as a Non-Executive Chairman.

CIB's share dips 9% to reach LE60.6 at beginning of Sunday's session

Sun, 25 Oct 2020 - 09:43 GMT

Earlier expectations indicated that CIB would be subjected to a violent shakeup in Sunday’s session, in light of the recent events of the bank.

EGX decides to resume trading on CIB's shares

Sun, 25 Oct 2020 - 09:07 GMT

It was decided to suspend all offers and applications registered on the bank’s shares before publishing this announcement.

CIB records profits of LE11.8B in 2019

Tue, 04 Feb 2020 - 10:44 GMT

The bank’s revenues increased to LE 23 billion in 2019, marking an increase of 13 percent on a year-on-year (YoY) basis.

Domty signs LE 100M-medium term loan contract with CIB

Wed, 25 Sep 2019 - 01:58 GMT

The loan proceeds will be used to finance the company’s future expansion and capital expenditures for the company’s new product.

CIB hits net income of LE2.7B in Q2 2019

Tue, 09 Jul 2019 - 01:37 GMT

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.

Dollar exchange rate continues downward trend at Egypt's major banks

Sun, 26 May 2019 - 01:25 GMT

The US dollar exchange rate continued its downward trend during transactions at major banks on Sunday.

CIB approves to increase authorized capital to LE 50B

Thu, 10 Jan 2019 - 03:20 GMT

CIB’s issued capital is LE 11.6 billion, distributed over 1.16 billion shares at a nominal value of LE 10 per share.

Yields of AmanCertificatereach LE 1.4B

Tue, 09 Oct 2018 - 03:38 GMT

The Commercial International Bank (CIB) will join the four banks issuing Aman Certificate; the bankhasalready obtained all approvals.

CIB records profits of LE 4.4B during H1 2018

Thu, 02 Aug 2018 - 12:02 GMT

As per standalone results, CIB’s profits rose 22.45 percent during the first six months of 2018, to LE 4.41 billion.

CIB records profit of LE 2.02B in Q1 2018

Wed, 09 May 2018 - 03:45 GMT

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.

CIB issues new certificates with variable return of 16%

Sun, 25 Feb 2018 - 01:14 GMT

The bank clarified that the minimum price of a certificate’s purchase is LE 5,000 and it can be multiplied by LE 1,000.

CIB’s gains LE 7.5B in 2017

Thu, 01 Feb 2018 - 10:50 GMT

Net profit recorded LE 7.5 billion after taxes in 2017, compared to profits of LE 6 billion in 2016 after taxes.

CIB Board Proposes LE 1/Share FY Cash Dividend

Thu, 01 Feb 2018 - 10:43 GMT

The bank added that the board suggested distributing LE 1.16 billion to shareholders over last year, compared to dividends of LE 576.9 million in 2016.

IFC to increase investments in Egypt to $1bn

Tue, 28 Nov 2017 - 04:46 GMT

The International Finance Corporation will increase its investments in Egypt to a billion dollars in the coming period, the IFC regional director said.