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 […]
Egypt’s CIB Bank Offers High-Yielding Dollar-Deposit Certificate
Commercial International Bank (CIB), one of Egypt’s largest private banks, issued today a U.S. dollar-denominated certificate of deposit with the highest returns on medium-term depository products in the Egyptian banking system. The bank is offering a one-year dollar-denominated deposit certificate with 6 % annual interest paid monthly in U.S. dollars. The new certificate is offered […]
CIB Amend “Women in Business” Program to Support Female Entrepreneurs
In efforts to support Egyptian Business Women, the Commercial International Bank (CIB) is offering female entrepreneurs a package of credit facilities within the Women’s Business initiative, designed to support female owners of small and medium-sized companies, in addition to a distinctive set of non-financial services and digital solutions to help them develop their projects. The […]
Hisham Ezz Al-Arab Rejoins CIB as Non-Executive Chairman
The General Assembly of the Commercial International Bank – Egypt (CIB) approved the decision to appoint Hisham Ezz Al-Arab as a non-executive Chairman of the Bank’s Board of Directors. Ezz Al-Arab will act as a successor to Sherif Sami, who will continue as a non-executive member of the Bank’s Board of Directors. Veteran banker Hisham […]
CIB’s Internet Banking Penetration Rate Surges to 66%
The Commercial International Bank (CIB) set up the Bank of the Future program to revamp well-positioned digital platforms as a primary service channel. CIB has invested strategically in digital transformation, data analytics, machine learning, and robotics; while keeping a focus on our core business activities. The CIB’s overarching digital strategy has been constructive, as 66% […]
The godfather of CIB Egypt bank, Hisham Ezz Al-Arab, returns as chairman – Al Arabiya
Egyptian veteran banker Hisham Ezz Al-Arab returns for a second stint as chairman of the Commercial International Bank (CIB Egypt), sources with knowledge told Al Arabiya TV on Thursday. Ezz Al-Arab, who served as chairman of the CIB since 2002 until October 2020, had been considered one of the top bankers in Egypt and in the Arab world. Under his […]