News Releases

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Update on 3Q20 Financial Statements

15 November 2020

As previously announced, the Bank is carefully assessing all the findings resulting from such review in order to quantify, where appropriate at this stage, the impact of such findings on CIB in coordination with its external auditors.

Press Release dated October 27th 2020

27 October 2020

Commercial International Bank -CIB - Egypt would like to state that a meeting was held yesterday with the Central Bank officials to discuss the CBE’s main findings.

Press Release dated October 23rd 2020

23 October 2020

The board of Directors of the Commercial International Bank CIB-Egypt has convened on Thursday October 22nd, 2020 in an emergency meeting to discuss contents of a letter received the same morning from the Central Bank of Egypt (CBE)

Changes in CIB's Board of Directors structure in October 2020

13 October 2020

CIB would like to announce that the Board of Directors has ratified Mr. Baslow's appointment in its meeting today.

Changes in CIB's Board of Directors structure

22 September 2020

CIB is pleased to announce that Mr. Jay-Michael Baslow has graciously accepted today his nomination to join CIB’s Board of Directors as a non-executive, independent Board member.

CDC to provide CIB with a subordinated loan of USD 100 million

1 July 2020

CIB would like to announce that it has signed an agreement with CDC to provide the Bank with a subordinated loan of USD 100 million.

CIB acquires 51% of Mayfair Bank

28 April 2020

CIB would like to announce that the bank has acquired 51% of what is to be renamed as Mayfair CIB Bank Limited in Kenya.

CIB CEO returns to office

26 April 2020

CIB reported today that Mr. Hussein Abaza, its Chief Executive Officer, has returned to work at the Bank’s headquarters.

CIB CEO's Precautionary Self-Quarantine

31 March 2020

CIB reported today that Mr. Hussein Abaza, its Chief Executive Officer, has chosen to enter a period of self-quarantine.

Change in CIB's Board of Directors

9 October 2019

CIB is pleased to announce the appointment of Mr. Paresh Sukthankar and Mr. Rajeev Kakar as independent non-executive directors of the Board, effective today.