CIB reports EGP 7.542bn in pre-tax profit during H1 of 2020
Bank made allocations of EGP 2.260bn, compared to EGP 795m during same…
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Daily News Egypt monitors profit decline of 12 banks out of 16…
IFC provides CIB Egypt $100m loan to support businesses disrupted by COVID-19
IFC’s commitments in Egypt since 2005 has reached $4bn
CIB obtains $100m support loan from CDC
Loan forms part of executive management plans to strengthen CIB’s capital base,…
CIB named Bank of the Year, Credit Agricole most efficient: Business News
The Business News Composite Index consists of four main indicators that address…
CIB to limit focus on latest Kenya acquisition, no further expansion planned
Bank equity shielded against currency weakness through $200m IFC, EBRD support loan…
CIB launches new online platform for financing supplier needs
It supports solutions and programmes to increase the working capital of the…
CIB commits $7m to test kits, support families impacted by COVID-19
The CIB contribution will also be dispersed to the National Emergency and…
CIB’s CVentures invests in UK’s Countingup to automate banking, accounting for small businesses
CVentures is excited at the prospect of working closely with Countingup, and…
CIB net income down 9% to EGP 2.4bn in 1Q 2020
ROAE records 19.6%, ROA 2.5%, net profit decreases 9% y-o-y