Cairo, August 21, 2025- CIB, Egypt’s leading and largest private-sector bank, is pleased to announce that its subsidiary, CIFC, has delivered remarkable results since its inception in April 2024.
CIFC’s factoring portfolio exceeded EGP 4.1 billion, and outstanding balances stood at approximately EGP 2.07 billion by the end of Q2 2025. This outstanding performance highlights CIFC’s exceptional operational ability to address the growing market demand for innovative and agile financing solutions that align with evolving economic conditions and foster growth across multiple sectors, particularly among small and medium-sized enterprises (SMEs).
The company is expanding its portfolio to include Supply Chain Finance solutions, enhancing corporate liquidity management and operational efficiency. Furthermore, the company plans to launch a fully integrated digital platform, providing clients with seamless access to its full suite of financing solutions in 2025. Further innovative offerings are under development, reaffirming CIFC’s commitment to delivering comprehensive, cutting-edge financial services.
Commenting on this transaction, Rashwan Hammady, Chairman of the Board, stated, "The establishment of CIFC reflects our vision to evolve into a fully integrated financial institution—extending beyond traditional banking to address client financing needs through innovative and specialized channels. CIFC’s ability to achieve such results within a short period is a testament to the strength of its strategic planning, the professionalism of its teams, and the market’s appetite for effective, non-traditional financing instruments. We remain fully committed to supporting CIFC’s journey to becoming a leading force in Egypt’s non-banking financial services sector."
Ahmed El-Kholy, CEO and official spokesperson of CIFC, said, "We take great pride in our early accomplishments, which affirm our capacity to expand rapidly and efficiently in an increasingly competitive market. Our core mission is to bridge the financing gap faced by businesses at various growth stages through tailored solutions that reflect their unique operations and cash flow dynamics. By leveraging CIB’s financial strength and expertise, we are dedicated to delivering innovative, customer-centric solutions with unmatched speed and precision. Our ambition goes beyond financial performance; we strive to be a true partner in fostering corporate growth and ensuring long-term economic sustainability."
Established in April 2024, CIFC serves as CIB’s strategic arm in factoring and mortgage finance services. It plays a pivotal role in advancing the bank’s vision of building a holistic financial ecosystem that promotes financial inclusion and sustainable development in line with Egypt’s national objectives. With an ambitious expansion strategy encompassing product innovation, strategic partnerships, and market outreach, CIFC is poised to strengthen its leadership position in Egypt’s non-banking financial services landscape.
