Financial Institutions Group
The Financial Institutions Group offers a variety of quality products and services through three divisions, including Correspondent Banking Division (CBD), Non-Banking Financial Institutions Division (NBFI), Finance Programs and International Donor Funds Division (FP & IDFD).
Correspondent Banking Division (CBD)
CBD is the point of contact for local and foreign banks working with CIB. The importance of this division lies in its ability to:
- Secure outgoing business for CIB.
- Monitor and direct business to banks.
- Attract and negotiate trade business.
- Market and cross-sell CIB products.
- Act as liaison to facilitate the relationship between banks worldwide and CIB’s various departments.
- Support CIB clients through innovative solutions and strategic alliances with various correspondents under trade finance and cash services.
- Achieved higher growth in trade finance volumes.
- Tapped new markets in Asia, Africa and Latin America.
- Maintained a well-diversified trade-products portfolio including forfaiting and risk participations.
- Further grow business with Asia Pacific countries.
- Maintain our focus on supporting Egyptian trade.
- Consolidate and sustain our key relationships in developed markets.
- Introduce new products and research new markets.
Non-Bank Financial Institutions Division (NBFI)
NBFI is a credit-lending division under the Financial Institutions Group, providing credit facilities as well as liability products and services to all types of non-bank financial institutions locally and in the MENA region (e.g. leasing, brokerage and insurance companies).
NBFI core competencies lie in its ability to structure facilities to address the needs of a unique industry. This ranges from plain-vanilla loan facilities to more complex structures like syndication and asset securitization.
- Maintained portfolio risk at moderate levels and managed to apply an effective collection of loan repayments.
- Achieved a quality-driven growth of the loan portfolio despite market volatility and instability.
- Maintain market share with existing relationships while targeting growth in selective areas.
- Aggressively market liability products.
- Cross-selling strategy to focus on CIB global banking services.
Finance Programs & International Donor Funds Division (FP & IDFD)
The Finance Programs and International Donor Funds (FP & IDF) Division manages development funds and credit lines provided by government entities and international agencies, as well as managing CIB’s microfinance portfolio. The Division is also engaged in environment friendly projects designed for the preservation of natural resources and pollution abatement.
Main roles and responsibilities include:
- Agency Function for several funds, grants, and credit lines, through providing tailored operational mechanisms and prudent investment and fund promotions.
- Participating Bank Function in special programs that give CIB a competitive advantage among its peer group.
- Manages CIB’s direct microfinance portfolio through a microfinance service company and indirect microfinance portfolio by lending to NGO’s (Non-Governmental Organizations).
- Despite prevailing economic conditions, FP & IDF succeeded in maintaining CIB lead position as an Agent bank in the market.
- Under the participating Function, preferential credit funds were provided to CIB customers for agriculture as well as pollution abatement.
- Signed loan contracts with the Social Fund for Development (SFD) in support of the poultry sector.
- Grew CIB’s microfinance portfolio.
- Sustain our lead position as “The Agent Bank” for donor funds.
- Attract more funds and participate in more programs.
- Increase CIB’s microfinance market share.