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The Commercial International Bank (CIB) increased its spending limits on its cards abroad for the third time this month, following the liberalisation of the exchange rate. The bank announced on its website that it increased the purchase limits on its White and Classic credit cards to EGP 50,000 up from EGP 35,000 per month. The …
Banque Misr and the Commercial International Bank (CIB) decided to amend the spending limits imposed on their cards for usage abroad. Other banks are still considering whether to follow suit. Mohamed El-Etreby, chairperson of Banque Misr, said that the bank changed the spending limit on its cards abroad. The bank’s Classic card spending limit was …
Sunday marks the first day of the Egyptian pound’s complete flotation in the top five banks operating in the market, following the Central Bank of Egypt’s (CBE) decision to liberalise the exchange rate on Thursday.
The attacker tried to storm the bank and used a gun to shoot 2 officers, says Interior Ministry
Proper legislation has to be issued to incorporate the informal economy into the official one, says president of global customer relations at CIB
Payfort, a company specialised in electronic payment services in the Middle East, has started offering customers of the Commercial International Bank (CIB) a service by which they can pay for products purchased on e-commerce websites in instalments. The instalment programme is one of the most successful means of enabling e-commerce websites to increase their sales, …
In the first half of 2016, funding to businesses and individuals reached EGP 60.3bn, marking a 6% increase
The service also includes connecting CIB cards with mobile phones, allowing customers to receive their domestic and international dues, such as transfers and salaries, as well as make deposits and withdrawals using ATM machines after obtaining regulatory approvals.
The EGX kept moving upwards during last week, registering a 1.76% rise as it increased from 7,453.1 points to 7,618 points.
The bank finances these projects by providing EGP 50,000 to EGP 25m, and is keen to reach the owners of those projects in all of Egypt’s governorates.
EFSA is only concerned about the violations that require reconciliation or resorting to courts, says Samy
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
The Cassation Court ruled in Commercial International Bank-Egypt’s (CIB) favour in its a legal dispute with the shareholders of CI Capital, 99.98% of whose shares the bank now owns, according to press statement on Thursday. The statement said that the judgement allows CIB-Egypt to proceed with the completion of a deal to sell CI Capital …
EGX-30 to range between 7,250 and 7,650 points
OTMT made the acquisition offer through its affiliated company Beltone Financial. The offer was concluded by the end of March, which pushed Beltone to extending the period of the offer by 14 days, ending 14 April
Benchmark index surged by 22.4% this past month
The Egyptian winners of Amcham’s awards will now compete for the regional title
Ramez served as vice chairman of the CIB in December 2011
Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank (CIB), and the Banque du Caire have made respective in-kind donations of EGP 10m to the project that will be carried out in cooperation with Cairo Governorate
OTMT’s intentions to acquire the investment bank were first reported in December 2015
Bank’s profits exceeded our expectations, while the growth rate of deposits and loans was weak, states Beltone report
CIB clarified that the expression of interest did not include a non-binding offer, nor did it indicate a specific price
The financial loan package is jointly provided by the IFC, EBRD and CIB
CIB puts simple conditions on opening accounts for youth to attract them to the banking sector
CIB-Egypt targets attracting more customers through e-services
The CBE governor met with the president to discuss the programme developed to achieve macroeconomic stability
The project is expected to benefit more than 400 agricultural SMEs and to create 20,000 direct and indirect jobs
Project involving green spaces, sports facilities and homes to be completed in H1 of 2016
CIB and AFD aim to finance and promote climate and environment benefiting private investments.
The Central Bank of Egypt (CBE) approved, on Tuesday, the Commercial International Bank’s (CIB) acquisition of Citibank Egypt’s private retail banking portfolio.