Commercial International Bank - Egypt (CIB) (COMI)

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News

28 September 2025 06:35 PM CIB’s shareholders approve EGP 3bn capital increase

Cairo - Mubasher: The shareholders of Commercial International Bank Egypt (CIB) have approved increasing the bank’s issued and paid-in capital to EGP 33.77 billion from EGP 30.70 billion. The EGP 3.07 billion hike will be executed through the …

Management Decisions

25 November 2024 04:27 PM IFC grants CIB $150m loan to drive financial inclusion in Egypt

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) and International Finance Corporation (IFC) extended a partnership to strengthen the bank's capital position through a $150 million loan. IFC will help CIB to support micro, small, and …

Banking and Finance

5 November 2024 11:45 AM CIB generates 89% higher consolidated profits in 9M-24; operating income cross EGP 22.4bn

Cairo – Mubasher: Commercial International Bank-Egypt (CIB) registered EGP 42.34 billion in consolidated net profit during the first nine months (9M) of 2024. The reported net profits were higher by 89% year-on-year (YoY) than EGP 22.40 billion, …

Financial Results

3 October 2024 11:06 AM CIB secures $150m loan from IFC

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) inked an agreement with the International Finance Corporation (IFC) for a loan facility totalling $150 million. The Tier II capital has a maturity period of 10 years and aligns with …

Companies Investments

10 September 2024 03:22 PM SODIC obtains EGP 4.1bn facility from Banque Misr, CIB

Cairo – Mubasher: Six of October Development and Investment (SODIC) has announced a long-term syndicated facility with the amount of EGP 4.14 billion with Banque Misr and the Commercial International Bank-Egypt (CIB). SODIC will use the loan to …

Companies Investments

22 July 2024 09:03 AM CIB’s H1-24 net profits skyrocket; total assets cross EGP 1trn

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 …

Financial Results

25 June 2024 11:15 AM CIB raises spending limits on FX credit cards

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 …

Banking and Finance

19 May 2024 10:13 AM Fitch Ratings upgrades outlooks on 4 major Egyptian banks to positive; ratings affirmed

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 …

Banking and Finance

13 May 2024 10:38 AM CIB records jump in Q1-24 consolidated profits to EGP 11.9bn

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 …

Financial Results

26 March 2024 10:46 AM CIB’s shareholders nod for dividends, $1bn debt issuance

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 …

Banking and Finance

12 March 2024 03:27 PM Moody's affirms ratings of 5 key Egyptian banks; outlook turns positive

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 …

Banking and Finance

11 March 2024 02:22 PM CIB announces new monthly purchasing limits for foreign currency credit cards

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 …

Banking and Finance

19 February 2024 02:45 PM CIB obtains FRA’s nod for capital hike

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 …

Corporate Actions

12 February 2024 10:57 AM CIB’s consolidated profits jump to EGP 29.6bn in 2023

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, …

Banking and Finance

5 November 2023 09:49 AM CIB generates higher profits in 9M-23; consolidated assets exceed EGP 811bn

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 …

Financial Results

24 July 2023 10:15 AM CIB’s consolidated profits exceed EGP 14bn in H1-23

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 …

Banking and Finance

22 March 2023 11:59 AM CIB’s shareholders approve 2022 dividends, capital hike

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 …

Corporate Actions

14 February 2023 01:34 PM CIB logs EGP 16.17bn consolidated profits in 2022; capital raise proposed

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 …

Corporate Actions

6 February 2023 10:02 AM FRA nods to CIB’s capital hike by nearly EGP 204.5m

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 …

Management Decisions

1 February 2023 11:17 AM Etisalat Egypt inks EGP 4bn financing deal with CIB

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, …

Companies Investments

29 January 2023 00:54 PM CIB fully acquires Kenya-based Mayfair CIB

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 …

Banking and Finance

24 January 2023 09:45 AM CIB closes EGP 32bn worth of securitisation bond issuances in 2022

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 …

Banking and Finance

11 January 2023 09:17 AM CIB offers new savings certificate with 22.5% return

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, …

Macroeconomics

10 January 2023 03:05 PM B.TECH, CIB conclude 1st securitised bond issuance worth EGP 1.04bln

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 …

Bonds

24 November 2022 09:27 AM Tatweer Misr receives EGP 400m loan from CIB

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 …

Real estate