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CIB sets up fintech-focused venture capital firmCommercial International Bank (CIB), a leading financial institution in Egypt, has set up CVentures, the first Corporate Venture Capital firm in Egypt primarily focused on investing in transformational FinTech startup companies. C More… |
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Egypt's CIB to raise up to $1bn to fund growthCommercial International Bank (CIB) will raise up to EGP8 billion ($1 billion) to fund expansion after its board backed the plan, Egypt's largest listed company said. The funds will be raised through local or international bon More… |
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Crédit Agricole appoints new Mena, UAE senior officerCrédit Agricole Corporate and Investment Bank (CIB) has appointed Mazin Manna as the senior regional officer for the Middle East and North Africa (Mena) region and senior country officer UAE. Manna, who has taken up his new More… |
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Egypt's CIB Q2 net income rises 28pcEgypt's CIB, the country's biggest listed bank, said on Tuesday its second-quarter consolidated net income rose 28 per cent year-on-year as it diverted more money into profitable government securities. Net income rose to 6 More… |
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Egypt's CIB posts Q1 net profit of $94mCommercial International Bank (CIB), Egypt's biggest private bank by assets, has posted a net profit for the quarter at EGP528.8 million ($94.37 million), up from a restated EGP472.0 million in the first quarter of 2009. The bank said More… |
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Egypt's CIB profit jumps 25pc to $311mEgypt's Commercial International Bank (CIB) said consolidated net profit for 2009 rose to 1,709.8 million Egyptian pounds ($311.4 million) from 1,365.4 million pounds in 2008. Net loans and overdrafts at CIB, Egypt's No 1 private b More… |
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CIB net profit slides to $79m in Q2Egypt's Commercial International Bank (CIB), a leading private sector lender, has reported a second quarter 2009 consolidated net profit of EGP439 million ($79.2 million), compared to EGP527.3 million a year earlier. The net profi More… |
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Dubai Capital buys into Egypt's CIBDubai government-owned investor Dubai Capital Group has bought a 5.24 per cent stake in Egypt's Commercial International Bank (CIB), the two companies said in a statement on Sunday. The Dubai group bought the shares from the Egyptian and L More… |
