Palm Hills, CIB sign EGP 1.1bn medium-term facility
Palm Hills Development has signed a medium-term facility with by the Commercial International Bank – Egypt (CIB)…
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CIB
CIB Egypt bank eyes takeover of Kenyan bank Mayfair
Commercial International Bank (CIB), Egypt’s largest private lender, is planning to buy one of Kenya’s lower-tier…
Egypt’s CIB bank partners with World Economic Forum
Egypt's biggest private bank, Commercial International Bank (CIB) is partnering with the World Economic Forum to…
Egypt’s CIB to open representative office in Ethiopia July-end
Egypt’s Commercial International Bank (CIB) will open a representative office in Ethiopia at the end of this month,…
Egypt’s CIB bank says first-quarter profits up by 31%
Egypt's Commercial International Bank (CIB) reported first-quarter profits of 2.6 billion Egyptian pounds ($151.7…
Saudi Arabia’s Alhokair fully pays off Egypt mall loan
Marakez, a subsidiary of Saudi mall developer Fawaz Alhokair, has fully paid off a 2 billion Egyptian pound ($111.7…
S&P upgrades two Egyptian banks on strong GDP growth
Standard & Poor’s raised its ratings on two Egyptian banks on Tuesday, saying the country’s GDP growth and…
Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan
Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
Egypt’s stock index hit two-month high on foreign buying
Egypt’s main index hit on Thursday the highest level since July 12, due to sustained interest in financials and…
Egypt’s Commercial International Bank first half net profit hit $247 mln
Egypt’s Commercial International Bank (CIB) reported on Thursday a net profit of 4.416 billion Egyptian pounds…
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