CIB, Visa, Almentor Business Partner to Launch New Online Academy for SMEs

CIB, Egypt’s leading private-sector bank, has teamed up with Visa, a world leader in digital payments, and Almentor Business, an online learning platform, to launch a new co-branded academy for its small and medium-sized enterprises (SMEs) customers. The academy will offer various courses and training programs related to management and entrepreneurship, aiming to enhance the […]

Golden Coast Company Consider Releasing First Green Sukuk Issue in Egypt

Local media sources stated that Golden Coast Company, a subsidiary of Golden Pyramids Plaza is considering and studying the possibility of releasing its first green sukuk (Islamic bond) in Egypt. According to Amwal Al Ghad’s website, the media reports also mentioned that the 8 billion Egyptian pounds ($259 million) issuance will be used to fund […]

CIB Offers Triple Savings Certificate with Interest Rate of 22%

CIB Egypt announced the launch of a 3-year savings certificate with a high annual interest rate of 22%. The return is paid monthly, which is the highest return offered at the level of all banks. The bank offers the new certificate with a high fixed return on the Egyptian pound under the name (Wealth), which […]

Banque Misr, CIB sign EGP 6.35 bln syndicated loan with Benya Group

Egyptian digital and ICT infrastructure provider Benya Group has on Tuesday signed a 6.35 billion Egyptian pound ($258.1 million) syndicated loan agreement with Banque Misr and the Commercial International Bank (CIB Egypt). The loan will go for financing projects assigned to Benya in the technological infrastructure sector in Egypt as part of the country’s digital transformation strategy. Under the […]