COMI
Cairo – Mubasher: Commercial International Bank (CIB) – Egypt said it will hold board of directors meeting on 10 February to endorse the bank’s financial statements for 2015.
CIB reported an increase of 32% in net profits for the first nine months of 2015, as it reached EGP 3.58 billion up from EGP 2.7 billion a year earlier.
On other hand, earlier CIB has asked NBE Capital to submit a non-binding offer to acquire its investment arm CI Capital.
CIB received a letter on Thursday from NBE Capital, a subsidiary from the National Bank of Egypt (NBE), showing interest in acquiring CI Capital, without submitting a non-binding offer.