​In accordance to the bank’s strategy of gradually consolidating all of its non-banking financial services under the umbrella of its wholly owned investment arm, CI Capital Holding, CIB would like to announce that its stake in its affiliate Company Corplease, one of the leading financial leasing companies in Egypt, will be acquired by CI Capital. 

The collaboration between CI Capital and Corplease bears a lot of potential and is expected to create operational and financial synergies benefiting both parties, thus enhancing cross selling opportunities and accelerating future expansions for the combined entity which in turn is expected to have a positive impact on CIB’s financials in terms of profitability and capital adequacy. 

Moreover, this brings CIB one step closer to the Bank’s vision of becoming the largest financial institution in Egypt, offering a one stop shop for banking as well as non-banking financial services. 

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