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CIB launches a full financing program for SMEs
CIB has launched a financing program tailored specifically for SMEs, according to AlMal. The program offers medium- and long-term investments…
CIB becomes first bank in Egypt to join Swift GPI initiative
CIB is the first bank in Egypt to join the Swift GPI initiative to facilitate traceable international payments, according to…
CIB applies for authorized, paid-in capital increase
CIB submitted a request to the EGX on Monday to raise its authorized capital to 50 mn from 20 mn,…
Egypt’s CIB awarded certificate for supporting child healthcare
CIB awarded certificate for supporting child healthcare: Egypt’s largest private bank CIB has received a presidential certificate of appreciation for…
CBE greenlights establishment of USD 600 mn export credit risk guarantee company
CBE greenlights establishment of USD 600 mn export credit risk guarantee company: The Central Bank of Egypt (CBE) has approved…
GB Auto’s Drive plans a second securitized bond issuance
GB Auto’s consumer finance arm Drive plans to move ahead with its second securitized bond issuance over the next year,…
Egypt’s CIB plans to acquire a stake in an unnamed Kenyan bank
M&A WATCH- CIB plans to acquire a stake in a Kenyan bank: CIB’s board of directors agreed in principle to…
Ora Developers looking to borrow EGP 1 bn from six banks
Ora Developers is negotiating with six banks to borrow over EGP 1 bn to finance the first phase of its…
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