Latest in Tag: Commercial International Bank Highlight
Latest in Tag: Commercial International Bank
CIB Presents Digital Transformation Results Amid COVID-19
In 2021, the number of digital banking transactions performed through Mobile Banking increased by more than double, reaching 107%. The value of transactions increased by 159%, reaching EGP 136 billion y-o-y. By FY21, value of transactions performed through digital channels increased by 60%, reaching EGP 861 billion. The number of individual customers subscribed to Internet Banking also increased by 30% y-o-y. Furthermore, CIB Smart Wallet subscribers increased by 19%, doubling the value of executed transactions, which increased by 160%, equivalent to EGP 7.3 billion. The number of ATMs also increased by 15% y-o-y.
Commercial International Bank offers Cashback credit card
Cashback credit card allows customers to receive up to EGP 500 cashback per month on various purchases
CIB included in 2021 Bloomberg Gender-Equality Index
Inclusion is bank’s third consecutive year of recognition for its strides in gender equality
Digital banking transactions through CIB’s Mobile Banking jump to EGP 53bn in 2020
CIB presents 2020 digital transformation results amid COVID-19
CIB, City Edge sign cooperation protocol providing EGP 1bn for housing units
Bank to provide payment facilities to City Edge customers, mainly mortgage finance with 20-year repayment period within Central Bank’s initiative
CIB Sustainability Reporting Award recipients attend GRI Certified Training Workshop
Award launched in celebration of the bank’s five years of sustainability reporting
CIB aims to raise EGP 15bn to finance expansion
CIB’s consolidated net income grows by 23% to EGP 11.8bn in 2019, proposes EGP 1.25 dividends per share
CIB named constituent of 2020 Bloomberg Gender Equality Index
The bank is the only Egyptian institution to be included among the 325 companies in Bloomberg’s Gender Equality Index
Diligence and talent helped me to be World No. 1 in squash: Raneem El-Welily
I have achieved 23 titles and the World Championships are the most important to me
Banks pumped EGP 400m to develop informal areas in Cairo and Giza: Ezz El Arab
CIB chairperson reveals that the development process includes infrastructure, roads, water delivery, schools, sanitation
Nine private banks in Egypt gain EGP 14.941bn net profits in 1H2019
CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli comes second by EGP 4.217bn
It is now time for everyone to invest in Africa as main driver of global growth: Ezz Al-Arab
CIB chairperson stresses need to develop systematic frameworks to increase investment in continent
Nine private, foreign banks in Egypt gain net profits of EGP 25.80bn in 2018
Five banks only earn billions in net profits, other banks acquired under EGP 1bn each
Egypt’s economy growth potential considered enormous, subsequently banking sector: Abaza
Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at CIB
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter of 2017, top 10 banks mark profits of EGP 26.234bn
CIB negotiates with investors to sell part of stake in CI Capital
Naguib Sawiris not directly or indirectly included in negotiations
Police officer injured in armed attack on CIB branch in Cairo
The attacker tried to storm the bank and used a gun to shoot 2 officers, says Interior Ministry
Beltone acquisition of CI Capital falls apart
On Thursday, Beltone announced it was unable to reach an agreement with CIB to extend the deadline for the acquisition offer
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sector’s total profits as of December 2015
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
OTMT, CIB agree to extend acquisition offer before its conclusion on Thursday
OTMT made the acquisition offer through its affiliated company Beltone Financial. The offer was concluded by the end of March, which pushed Beltone to extending the period of the offer by 14 days, ending 14 April
CIB’s loans portfolio increases to EGP 62.6bn
Bank’s profits exceeded our expectations, while the growth rate of deposits and loans was weak, states Beltone report
CIB launches Smart Saving account with EGP 500 minimum
New account combines money box and “gameaya” (joint fund), with accumulated interests not affected by market changes says bank official
CIB bank of the year ,Union National Bank Egypt the fastest growing : Business News index
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
CIB records 47% revenue increase, 38% net profit increase in Q1
Bank said growth was driven by increase in non-interest income on increased trade finance, foreign exchange volumes and capital gains from investments
European delegations analyse projects during Economic Summit: Akram Tinawi
Dollar crisis will soon end during the next period, funding economic activities will be priority, says Director of Arab Banking Corporation
CIB supports equipping 57357 Hospital
57357 hospital celebrate increasing its capacity by 30% by adding 60 beds
28.5% of Egyptian banks provide mobile banking
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
Banks highlight improved services, quarterly results
CIB Q3 net profit rises 5.6% Egypt’s leading bank, Commercial International Bank (CIB), reported a 5.6% rise in the third quarter (Q3) net profit. The bank added that the net profit stood at approximately EGP 972m, up from EGP 920.4m in the same quarter last year. Q3 consolidated revenues were EGP 2.04bn, up 17% from …
Overview of banking sector performance over FY 2013/2014
Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks
CIB posts 29% rise in Q4 net profit
The bank’s revenues for the fourth quarter rose by 15% to EGP 1.74bn.