News Releases

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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.

CIB, a proud member of the DETF

2 July 2019

CIB is now the only representative of Egypt's private sector to become a member of the Digital Economy Task Force (DETF), a joint venture between the African Union and the European Union to achieve cross-border integration and cooperation across Africa.

CIB - Year End 2017 Results

31 January 2018

Commercial International Bank (CIB), the leading financial institution in Egypt, today released its Year End Financial results for 2017

CIB reaps 12 international renowned awards in 2017

27 December 2017

CIB, the leading Egyptian private bank, received 12 international awards from prestigious organizations in 2017, in recognition of the bank's best-in-class services and outstanding banking performance.

Commercial International Bank (Egypt) appoints two new non-executive directors to the Board of Directors

6 December 2017

CIB would like to announce the appointment of H.E Dr. Amani Abou-Zeid, and Mrs. Magda Habib as non-executive directors of the Board