For half a century, CIB has stood at the forefront of Egypt's banking sector, driving economic growth and championing customer-centric innovation. From our early days to becoming Egypt's leading private-sector bank and the preferred financial partner for over 500 of the nation's largest corporations, CIB's journey has been marked by significant achievements and a commitment to building a brighter, more inclusive financial future. We are immensely proud of the milestones that have defined our legacy.
Established in September 1975 as Chase National Bank, our inception marked a pivotal moment in Egypt's financial landscape. We quickly experienced substantial growth in the 1980s, expanding our reach through increased deposits, loans, and foreign investments. Even in these early years, CIB was dedicated to pioneering innovative practices and delivering exceptional customer service to our corporate clients.
Following our divestment from Chase Manhattan in 1987, CIB embarked on a period of rapid growth and innovation. This decade witnessed our early adoption of technology, diversified investments across various sectors, and groundbreaking achievements. Notably, CIB became the first Egyptian bank to connect to SWIFT, solidifying our position as a leader in the Egyptian banking sector. Our net worth, profitability, and branch network size also expanded considerably during this transformative era.
Between 1995 and the early 2000s, CIB embraced the digital revolution and placed customer-centricity at the heart of our operations. Our global presence expanded with listings on both the London and New York Stock Exchanges. A significant milestone was the introduction of online banking in 2004, establishing CIB as a leader in Egyptian banking through pioneering innovative services. This growth solidified our prominent global position and further strengthened our commitment to serving our clients with cutting-edge solutions.
This decade saw CIB deepen its impact through innovation and purpose. It launched Egypt’s first Smart Card Center and established the CIB Foundation in 2010, dedicating 1% of profits to children’s health, reaching over 7 million patients. Sustainability took center stage with the creation of a dedicated finance department in 2012. By 2014, CIB introduced the co-branded “Mileseverywhere” card with EgyptAir and became a pioneer in banking on social media – blending growth, innovation, and social responsibility.
Marketing its 40th anniversary in 2015, CIB accelerated its digital and regional expansion. It launched mobile banking and the CIB Smart Wallet in 2016, followed by “Zaki”, Egypt’s first AI banking chatbot, in 2019. Despite global challenges, CIB expanded to Kenya in 2020, finalizing full acquisition in 2023. Recognition followed, with a top 10 spot on Fortune’s “change the World” list in 2024 and becoming the first private bank in Egypt to launch Apple Pay – reinforcing its role as a forward-looking financial leader.
We look forward to continuing our journey of growth, innovation, and unwavering commitment to Egypt's financial future for many more years to come.
