International Appraisal & Collection Company
IACC was established in 2007 as an Egyptian joint stock company. CIB is the largest shareholder, with 40% stake of the company’s capital, while the National Bank of Egypt owns 20%, CIB Social Insurance funds 16% and the residual is divided among various investors.
IACC is specialized in the evaluation of real estate and movable assets, including, but not limited to, the machines, equipments, ships, touristic villages, vehicles and products.
The company also conducts verifications and field investigations on individuals and companies, in addition to debt collection.
The company performs the ownership research procedures for real estate and movable assets, as well as, providing assistance in legalizing in kind rights (registration & mortgaging of lands & buildings) and incorporation of companies.
IACC sells real estate and movable assets through public auctions or closed proposals.
Since its establishment, IACC has realized revenues of approximately EGP 7.5 million and an NPAT of EGP 3.7 million.
2008 Accomplishments