Commercial International Bank (CIB) will raise up to EGP8 billion ($1 billion) to fund expansion after its board backed the plan, Egypt's largest listed company said.
The funds will be raised through local or international bon
Crédit Agricole Corporate and Investment Bank (CIB) has appointed Mazin Manna as the senior regional officer for the Middle East and North Africa (Mena) region and senior country officer UAE.
Manna, who has taken up his new
Egypt's CIB, the country's biggest listed bank, said on Tuesday its second-quarter consolidated net income rose 28 per cent year-on-year as it diverted more money into profitable government securities.
Net income rose to 6
Commercial International Bank (CIB), Egypt's biggest private bank by assets, has posted a net profit for the quarter at EGP528.8 million ($94.37 million), up from a restated EGP472.0 million in the first quarter of 2009.
The bank said
Egypt's Commercial International Bank (CIB) said consolidated net profit for 2009 rose to 1,709.8 million Egyptian pounds ($311.4 million) from 1,365.4 million pounds in 2008.
Net loans and overdrafts at CIB, Egypt's No 1 private b
Egypt's Commercial International Bank (CIB), a leading private sector lender, has reported a second quarter 2009 consolidated net profit of EGP439 million ($79.2 million), compared to EGP527.3 million a year earlier.
The net profi
Dubai government-owned investor Dubai Capital Group has bought a 5.24 per cent stake in Egypt's Commercial International Bank (CIB), the two companies said in a statement on Sunday.
The Dubai group bought the shares from the Egyptian and L