Citi finalises Egypt retail business deal with CIB late October
Citigroup announced Saturday it will transfer all its consumer banking business transactions in Egypt to the…
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CIB
Egypt’s electricity holding inks $525mn loan with Afreximbank, 9 banks today
State-run Egyptian Electricity Holding Company (EEHC) is to sign Thursday a US$525-million funding contract with a…
Afreximbank, 8 Egyptian banks prep for US$525mn electricity loan
A consortium of eight Egyptian banks in addition to the African Export-Import Bank (Afreximbank) is bracing for…
AfDB in talks with NBE, CIB to fund trade, SMEs in Egypt
The African Development Bank (AfDB) is in talks with two major Egyptian banks to finance small businesses and trade…
CIB receives regulatory approval to acquire Citibank’s Egypt businesses
Commercial International Bank (CIB), biggest commercial bank in Egypt,announced Tuesday that it has received the…
Capital Intelligence affirms CIB ratings at ‘BBB-‘
Capital Intelligence (CI), the international credit rating agency, announced that Commercial International Bank…
CIB Q2 Net Profit up 23% year-on-year
Egypt's largest private sector bank, Commercial International Bank (CIB) (COMI), posted a 23 percent rise in second…
French AXA Insurance acquires Egypt’s CIL with €88 million
French AXA Insurance Company has acquired 100 percent of the Commercial International Life Insurance Company (CIL)…
CIB arranges $130mn Loan for Wadi Degla Holding
The Commercial International Bank (CIB), Egypt's biggest private-sector bank, is to arrange a syndicated loan for…
Siemens seeks $917mln-loan to implement 3 Power Plants in Egypt
German Siemens seeks to obtain a fund worth EGP 7 billion (US$917.3million) from a group of banks working in the…