Commercial International Bank - Egypt (CIB) (COMI)

Cairo – Mubasher: The consolidated net profits of Commercial International Bank-Egypt (CIB) increased to EGP 27.54 billion in the first half (H1) of 2024 from EGP 14.05 billion in H1-23. Net interest income amounted to EGP 41.53 billion as of 30 …

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) has increased the limit on foreign-currency spending in and outside Egypt using credit cards. The bank also reduced the Foreign exchange markup fees to 5% for all cards, according to a …

Cairo – Mubasher: Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of the National Bank of Egypt (NBE), Banque Misr, Banque du Caire (BDC), and Commercial International Bank (CIB) from stable to positive. The …

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) logged consolidated net profits worth EGP 11.92 billion in the first quarter (Q1) of 2024, marking an annual leap from EGP 6.06 billion. Net interest income hiked year-on-year (YoY) to …

Cairo – Mubasher: The ordinary general meeting (OGM) of Commercial International Bank-Egypt (CIB) approved the distribution of EGP 0.55 per share in cash dividends for 2023. Eligible shares amount to more than 3.01 billion, according to a bourse …

Cairo – Mubasher: Moody's Ratings has affirmed all ratings and assessments of five major Egyptian banks, changing the outlook of their long-term deposit ratings from negative to positive. The rating agency affirmed the Caa1 long-term deposit …

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) has updated the monthly purchasing limits for international (foreign currency) credit cards in Egypt and abroad. Consequently, the monthly purchasing limit for international credit cards …

Cairo – Mubasher: The Financial Regulatory Authority (FRA) granted its approval for the Commercial International Bank-Egypt (CIB) to increase the issued and paid-up capital to EGP 30.43 billion from EGP 30.19 billion. CIB aims to raise its issued …

Cairo – Mubasher: The consolidated net profits of Commercial International Bank-Egypt (CIB) hiked to EGP 29.66 billion in 2023 from EGP 16.17 billion in 2022. CIB recorded year-on-year (YoY) higher net interest income at EGP 52.92 billion in 2023, …

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) recorded consolidated net profits attributable to the shareholders amounting to EGP 22.40 billion in the first nine months (9M) of 2023. The announced net profits were higher year-on-year …

Cairo – Mubasher: The consolidated net profits after tax of Commercial International Bank-Egypt (CIB) reached EGP 14.05 billion during the first half (H1) of 2023, an annual hike from EGP 7.78 billion. The interim financial results showed that the …

Cairo – Mubasher: The general assembly meeting of Commercial International Bank-Egypt (CIB) decided to pay out a dividend of EGP 0.53 per share for 2022. A total of 2.99 billion shares will be eligible for the cash dividends that will be disbursed …

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) recorded consolidated net profits after tax worth EGP 16.17 billion in 2022, an annual growth of 22% from EGP 13.26 billion, including minority shareholders’ rights. Basic earnings per …

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) has received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital raise procedures.    CIB plans to increase its issued and paid-up capital by EGP 204.44 …

Cairo – Mubasher: Etisalat Egypt by e& and the Commercial International Bank (CIB) penned a financing agreement worth EGP 4 billion to back the telecom firm’s expansion plans, according to a press release. Hazem Metwally, CEO of Etisalat Egypt, …

Cairo – Mubasher: Mayfair CIB became a fully-owned subsidiary of the Commercial International Bank-Egypt (CIB) after the latter acquired the remaining 49% stake in the Kenya-based lender. In a bourse disclosure, CIB pointed out that the total …

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) announced the closure of 11 securitisation and nominal bond issuances during 2022 worth more than EGP 32 billion, state-run MENA News Agency reported. The bonds covered different …

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) launched a new savings certificate for a period of one and a half years with a fixed return in EGP, at a return rate of 20%, disbursed monthly, and 22.50% disbursed upon maturity, …

Cairo - Mubasher: Egypt's B.TECH and the Commercial International Bank (CIB) announced the completion of securitisation bonds worth EGP 1.04 billion. The issuance consists of three tranches with tenors with different payment priorities, credit …

Cairo – Mubasher: Tatweer Misr has obtained financing worth EGP 400 million from the Commercial International Bank-Egypt (CIB) against units of the Fouka Bay project’s handover.  The real estate developer will use the funding to speed up the …

Cairo – Mubasher: The consolidated net profits of Commercial International Bank-Egypt (CIB) registered EGP 12.19 billion during the first nine months (9M) of 2022, a jump from EGP 9.87 billion in the corresponding period in 2021. Basic earnings …

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB), in collaboration with the National Bank of Egypt (NBE), has successfully closed El Taamir Securitization Company’s seventh bond issue with a value of EGP 20 billion. The bond issue …

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) has logged consolidated net profits after tax worth EGP 7.78 billion in the first half (H1) of 2022, an annual leap of 28% from EGP 6.08 billion, including minority interest. The net …

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) has registered consolidated net profits after tax worth EGP 4.25 billion during the first quarter (Q1) of 2022, an annual jump of 48% from EGP 2.87 billion, including the minority …

Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has entered into several transactions with listed companies in Egypt. ADQ has acquired stakes in Commercial International Bank (CIB), Fawry, Alexandria Container & Cargo Handling …