Cairo -Mubasher: Egypt's Commercial International Bank (CIB) is planning to issue nominal bonds and subordinated loans at a maximum of EGP 8 billion ($1 billion) roughly, CIB said.

The extraordinary general meeting, which will be held on 21 March, will look into the procedures required for this issuance, along with the amendment of articles six and seven of the memorandum.

The bank's profits for 2015 reached EGP 4.64 billion, compared with EGP 3.65 billion in 2014, according to CIB unconsolidated financial statements.