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The production capacity of the new line will be 270,000 pieces a day. Scheduled to start operation in February 2020, the new line will be Domty’s third bakery production line.
Playing professional squash in Egypt is much better than in Europe, says PSA men’s No. 1
“We seek to keep pace with banking developments in the world,” says bank’s CEO
The CIB has been sponsoring the Egyptian Squash Association (ESA) for seven years. The bank supports ten players, including Raneem El Welily; Nour El Tayeb; Nouran Gohar; Salma Hany; Hania Al Hamami; Ali Farag; Tarek Momen; Karim Abdel Gawad; Mohamed Abu Al-Ghar, and Marwan El Shorbagy.
CIB chief calls for early warning systems to combat financial crime on continent
CIB chairperson reveals that the development process includes infrastructure, roads, water delivery, schools, sanitation
CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli comes second by EGP 4.217bn
The purpose of the borrowing is to finance the acquisition deal over Cairo Cotton in a deal worth EGP 140m. Dice will self-fund the remaining EGP 50m.
Bank’s Capital Adequacy Ratio reached 25.82% by end of June 2019
Assembly grants board of directors right to establish branches, agencies, offices in Egypt, abroad, including Sinai Peninsula
CIB ranks 1st with profits of EGP 2.64bn, QNB AlAhli follows, Faisal Islamic Bank in 3rd
CIB chairperson stresses need to develop systematic frameworks to increase investment in continent
The average dollar price on Wednesday recorded EGP 17.01 to buy and EGP 17.14 to sell.
Total bank assets increase to EGP 351.68bn until end-March
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
Mohamed Farag, head of International Transactions and Digital Banking at the Commercial International Bank (CIB), described Egypt’s banking customer base as “weak”, with only 14 million customers. He explained that the country should have at least 60 million banking customers, and this low current figure is related to the banking service costs, especially in rural …
We are happy about regional presence of bank: Ezz El Arab
List includes NBE, Banque Misr, CIB – Egypt
Five banks only earn billions in net profits, other banks acquired under EGP 1bn each
Egyptian champion regains top spot in PSA Women’s World Rankings for December
Establishment of CVentures is evidence of CIB’s profound commitment towards supporting Egyptian financial sector: Abaza
Financing package will support ACC in its long-term strategy to improve energy efficiency, cost effectiveness of its operations
Marked increase in deposits, loans portfolios, NPLs decline at most banks
Technological solutions, applications will contribute to integration of parallel economy
Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at CIB
Financial statements of 10 banks reflect significant growth in profits by end of June 2018 YOY
Investment income failed to support non-interest earnings as it fell by 61%
The Commercial International Bank (CIB) released a press statement on Saturday stating that after the bank conducted a comprehensive internal investigation, they found that all banking operations within the bank were carried out in accordance with the banking procedures and rules. Moreover, according to the statement, all objected transactions were examined and found correct, and …
The bank released a statement stating that they received a complaint, are currently investigating
The London Business School announced the inclusion of Commercial International Bank – Egypt (CIB), Egypt’s largest private sector bank, as part of its successful business models. The bank is the first institution in the Middle East to be incorporated into the curriculum of the London School of Business Leadership Institute, one of the top five …