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News
01/10/2024
Press Release concerning CIB obtaining Long term loan from IFC
CIB is pleased to announce the signing of an agreement with the International Finance Corporation (IFC) for a loan facility totaling USD 150 million, which qualifies as Tier II capital and has a maturity period of 10 years.
15/09/2024
CIB ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS
Commercial International Bank Egypt (CIB), Egypt’s largest private sector bank, announced today a number of changes to the Board of Directors, subject to the Central Bank of Egypt and regulatory approvals.
18/08/2024
Commercial International Bank (CIB) Announces Successful Exit from Its Investment in Egypt Otsuka Pharmaceuticals (EOP) Through Selling its Equity Stake to Otsuka Group
CIB, Egypt’s leading private-sector bank, is pleased to announce the completion of its planned exit from EOP, a leading player in the pharmaceutical industry and a member of the Otsuka Group.