Commercial International Bank - Egypt (CIB) News - Mubasher Info
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08 April 01:59 PM

Commercial International Bank - Egypt (CIB) (COMI)

Last update: 12:44 PM market time.
127.49
5.49
4.50%
Open 122.00
Previous Close 122.00
High 128.17
Low 125.43
Stock Statistics
Volume 5,118,592
Turnover 648,691,840.00
All data are 15 minutes late during market session

News

Photo Archive
22 February 2022 11:49 AM CIB records 30% higher profits in 2021; dividends proposed
Cairo – Mubasher: The consolidated net profits of the Commercial International Bank-Egypt (CIB) jumped by 30% to EGP 13.27 billion in 2021, compared to EGP 10.24 billion in 2020, including minority shareholders' rights. The bank's net interest …
Board of Directors
Photo Archive
5 December 2021 01:15 PM Invesco lowers stake in CIB for EGP 141m
Cairo – Mubasher: Invesco has decreased its stake in the Commercial International Bank-Egypt (CIB) to 4.98% from 5.12%. The company has sold 2.74 million shares in CIB in exchange for EGP 141.19 million or EGP 51.4 per share, according to a bourse …
Companies Investments
The net interest income declined to EGP 18.15 billion
14 November 2021 00:33 PM CIB logs EGP 9.9bn profit in nine months
Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) reported consolidated net profits of EGP 9.87 billion in the first nine months of 2021, up by 34.5% year-on-year (YoY) from EGP 7.34 billion, including minority shareholders' rights.  …
Financial Results
Various payment plans will be offered for delivered units
7 September 2021 03:25 PM CIB, SODIC ink protocol for mortgage finance
Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) signed a protocol of cooperation with Six of October Development and Investment (SODIC) to provide mortgage finance programmes, the Middle East News Agency (MENA) reported on …
Real estate
The two banks acted as lead managers and promoters
26 August 2021 01:17 PM NBE, CIB close EGP 585m securitised bond issuance for Aman
Cairo – Mubasher: A consortium, comprised of the National Bank of Egypt (NBE) and Commercial International Bank-Egypt (CIB), has closed a securitised bond issuance worth EGP 585 million for Aman Financial Services, a subsidiary of Raya Holding for …
Bonds
The NBE will act as the mandated lead arranger, book-runner, and facility agent
23 August 2021 04:35 PM Egyptian Electricity Transmission inks EGP 4bn syndicated loan deal
Cairo – Mubasher: The Egyptian Electricity Transmission Company (EETC) signed a syndicated loan contract worth EGP 4 billion with the National Bank of Egypt (NBE), Commercial International Bank-Egypt (CIB), Banque du Caire, and the National Bank …
Banking and Finance
Fawry seeks to acquire Banque Misr's 14 million shares in Fawry Plus
2 August 2021 00:29 PM Fawry's OGM approves to buy Banque Misr, CIB stake in Fawry Plus
Cairo - Mubasher: The ordinary general meeting (OGM) of Fawry for Banking Technology and Electronic Payments has approved to purchase the stake of Banque Misr in Fawry Plus for Banking Services. Fawry seeks to acquire Banque Misr's 14 million …
Banking and Finance
The capital raise will be carried out through a 0.33-for-one bonus issue
1 August 2021 04:51 PM EGX approves listing CIB's capital raise shares
Cairo - Mubasher: The Egyptian Exchange's (EGX) listing committee approved a request by the Commercial International Bank-Egypt (CIB) to list its capital raise shares.  The issued and paid-up capital will be raised by EGP 4.925 billion to EGP …
Corporate Actions
The capital raise is divided over 492.560 million bonus shares
29 July 2021 05:54 PM CIB submits request to list EGP 4.9bn capital raise shares
Cairo - Mubasher: The Commercial International Bank-Egypt (CIB) has submitted a request to list its capital raise shares on the Egyptian Exchange (EGX). The request includes raising the issued and paid-up capital by EGP 4.925 billion to EGP …
Banking and Finance
The net fee and commission income increased to EGP 1.114 billion
13 July 2021 10:40 AM CIB's profit rises 22% in H1
Cairo - Mubasher: The Commercial International Bank-Egypt (CIB) achieved consolidated net profits of EGP 6.088 billion in the first half (H1) of 2021, up by 22% year-on-year (YoY) from EGP 4.997 billion, including minority shareholders' rights.  …
Financial Results
The value of the private placement amounts to $100 million
30 June 2021 11:44 AM CIB gets FRA's approval to issue Egypt's first corporate green bonds
Cairo - Mubasher: The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) …
Banking and Finance
The UAE has followed the Kingdom with 20 companies
6 June 2021 10:05 AM Saudi Arabia, UAE lead Forbes Middle East's top 100 listed companies for 2021
Mubasher: Saudi Arabia and the UAE have dominated Forbes Middle East's annual ranking of the top 100 listed companies for 2021, with 37 and 20 companies, respectively. Saudi Arabia has had the most companies on the list, topped by Saudi Arabian …
Macroeconomics
The net interest income fell to EGP 5.677 billion
23 May 2021 10:47 AM CIB's profit grows 20% in Q1-21
Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) reported consolidated net profits of EGP 2.873 billion in the first quarter (Q1) of 2021, up by 19.7% year-on-year (YoY) from EGP 2.398 billion, including minority shareholders’ …
Banking and Finance
By 12:45 p.m., the heavyweight stock declined by 2.06%.
14 April 2021 02:18 PM CIB's stock slides to lowest level since November 2016
By: Heba El-Kordy Cairo – Mubasher: The Commercial International Bank-Egypt’s (CIB) stock continued its downward trend, sliding to its lowest level since November 2016.  By 12:45 p.m., the heavyweight stock declined by 2.06% to EGP 52.9 after …
Trading Activities
About 752,400 shares were exchanged at a turnover EGP 40.13 million
13 April 2021 00:39 PM CIB's stock hits lowest level in 28 months early Tuesday
By: Heba El-Kordy Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) saw its stock plunge sharply to its lowest level in 28 months. By 11:00 a.m., the heavyweight stock declined by 2.1% to EGP 54.06, its lowest level since December …
Trading Activities
The NBE will contribute 44.5% to the funding
11 April 2021 03:47 PM SCZone inks EGP 10bn syndicated loan agreement with six banks
Cairo – Mubasher: The Chairman of Suez Canal Economic Zone (SCZone), Yehia Zaki, signed a long-term syndicated loan agreement with a consortium led by the National Bank of Egypt (NBE) as the senior mandated lead arranger, facility agent, and …
Macroeconomics
The company incurred net losses of EGP 29.8 million in 2020
8 April 2021 00:37 PM CIB agrees to reschedule loans of Sharm Dreams
Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) approved in principle to reschedule loans and cut interest payments of Sharm Dreams Company for Touristic Investment.   The company requested an urgent funding of EGP 140 million for …
Corporate Actions
CIB reported consolidated net profits of EGP 10.23 billion in 2020
31 March 2021 00:29 PM CIB shareholders approve issuing bonus shares
Cairo – Mubasher: Shareholders of the Commercial International Bank-Egypt (CIB) approved a proposal to increase the bank’s issued capital through the issuance of 12.27 million shares as part of the employee stock ownership plan (ESOP). The …
General Assembly
CIB sold 68.47 million shares
17 March 2021 05:54 PM CIB cuts stake in CI Capital in EGP 322m transaction
Cairo – Mubasher: The Commercial International Bank - Egypt (CIB) slashed its stake in CI Capital for Financial Investments to 0.713% from 7.56%. CIB sold 68.47 million shares for EGP 321.8 million, averaging EGP 4.7 per share, according to a …
Insider Trading & Treasury Stocks
The facility agent will be the Commercial International Bank (CIB).
11 March 2021 01:44 PM South Valley Cement approves rescheduling debts
Cairo – Mubasher: South Valley Cement Company approved authorising its vice-chairman and managing director to pen an agreement to reschedule all of the company’s loans and merge them into one loan. The facility agent will be the Commercial …
Banking and Finance
CIB reported consolidated net profits of EGP 10.23 billion in 2020
8 March 2021 04:31 PM FRA approves CIB's capital raise
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by the Commercial International Bank - Egypt (CIB) to increase its paid-up and issued capital by EGP 10 billion, which will …
Banking and Finance
The capital raise will be funded from the general reserves
1 March 2021 00:36 PM CIB's board approves capital hike via 1bn bonus shares
Cairo – Mubasher: The Commercial International Bank - Egypt’s (CIB) board of directors approved a proposal to increase its issued and paid-up capital by 1 billion shares via a one-for-two bonus issue. The capital raise will be funded from the …
Corporate Actions
The lender’s net interest income rose to EGP 25.17 billion
1 March 2021 11:06 AM CIB posts more than EGP 10bn profit in 2020
Cairo – Mubasher: The Commercial International Bank – Egypt (CIB) reported consolidated net profits of EGP 10.23 billion in 2020, down by 13.24% year-on-year (YoY) from EGP 11.8 billion, excluding minority shareholders’ rights. The lender’s net …
Financial Results
Mortgage loans with declining interest rate of 8% are offered under the CBE's initiative
25 January 2021 03:29 PM City Edge Developments inks EGP 1bn cooperation protocol with CIB
Cairo – Mubasher: City Edge Developments signed a protocol of cooperation worth EGP 1 billion with the Commercial International Bank - Egypt (CIB) as part of the real estate mortgage initiative launched by the Central Bank of Egypt (CBE). The …
Real estate
CIB logged net profits of EGP 7.34 billion in nine months
16 December 2020 00:27 PM CIB to hire int'l firm to review controls and lending functions
Cairo – Mubasher: The Commercial International Bank - Egypt (CIB) said that the audit committee will appoint an independent international professional services company to conduct an in-depth review of the bank’s controls and lending functions as …
Banking and Finance