Tag: Commercial International Bank
CIB launches Egypt’s first private Mastercard Metal World Elite credit card
The exclusive card, available by invitation only, is designed for the bank’s high-net-worth clients within the private segment
Commercial International Bank, IBM to integrate banking services
The integration is part of the bank’s digital transformation journey and mission to modernize its IT infrastructure
Orascom Development Egypt secures EGP 6 billion syndicated loan
EFG Hermes acted as the sole financial adviser, lead manager and bookrunner on the transaction
Egyptian banks suspend debit card use in foreign currency
Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.
Commercial International Bank FY profit jumps 21% on higher revenues
Commercial International Bank (CIB) reported a rise of 21% in 2022 net profit, with revenue boosted by the bank’s solid grounding and robust balance...
Commercial International Bank fully acquires Mayfair CIB for $40 million
Commercial International Bank (CIB) said Sunday that it has acquired the 49% stake it did not own in Mayfair CIB for $40 million giving...
Saudi-based ICIEC and Egypt’s CIB to host bankability of climate adaptation projects panel at...
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) said Wednesday that it has joined forces with Egypt’s Commercial International Bank...
Egyptian fintech MNT-Halan’s Tasaheel issues $150 million in securitized bonds
Egyptian fintech startup MNT-Halan said Monday that its wholly-owned subsidiary, Tasaheel, has securitized $150 million of its loan book and plans to use the...
Egypt signs 14 investment deals worth $7.7B with Saudi Arabia
Egypt and Saudi Arabia have signed 14 investment deals worth $7.7 billion (EGP 145 billion) state-run Middle East News Agency (MENA) reported Tuesday, as...