{"id":568055,"date":"2020-12-16T03:56:48","date_gmt":"2020-12-16T03:56:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/"},"modified":"2020-12-16T03:56:48","modified_gmt":"2020-12-16T03:56:48","slug":"you-can-breathe-now","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/","title":{"rendered":"You can breathe now"},"content":{"rendered":"

<\/a> Leading private-sector commercial bank <\/strong>CIB reported net income of EGP 2.35 bn for<\/strong> 3Q2020<\/strong> as it released its first set of financial results after CIB Chairman Hisham Ezz Al-Arab left office in the wake of a probe by the Central Bank of Egypt that found \u201cregulatory, compliance and governance concerns.\u201d Net income was down 26% on the same period last year, while revenues came in at EGP 6.65 bn for the quarter, a gain of 10% over 3Q2019. You can read the full release here (pdf)<\/a> or have a look at the bank\u2019s consolidated<\/a> or standalone<\/a> results.<\/p>\n

The results show no hole in the bank\u2019s balance sheet <\/strong>after the CBE said in late October that a review had found significant issues<\/a> with the bank\u2019s credit cycle and internal controls. As CIB Chief Executive Officer Hussein Abaza told investors on a call in the wake of Ezz Al Arab\u2019s departure: \u201cThere is no gap in the balance sheet.\u201d<\/p>\n

The bank\u2019s bottom line would have grown 15% had CIB not taken provisions <\/strong>of EGP 1.6 bn in the third quarter. That figure is in line with the conservative position the bank has taken on provisions for some time now, with management saying in a comment, \u201cDespite wide anticipations of a speedy global economic recovery, ambiguity continued to overshadow the overall outlook and hence the creditworthiness of clients.\u201d Meanwhile, the bank has \u201cmaintained resilient asset quality,\u201d the release notes.<\/p>\n

Key indicators all seem to be moving in the right direction. <\/strong>Your favorite research analysts will be in touch with their takes on CIB\u2019s results later this morning, we\u2019re sure \u2014 it\u2019s no exaggeration to say no set of results has been as hotly anticipated in Egypt in living memory. But in the meantime, everything from revenues (+21% y-o-y in 9M2020 when you exclude the impact of provisions) and net interest income (the main way the bank generates its top line, up 22%), to operating costs were all healthy, and local currency loans are up 16% in the first nine months of the year.<\/p>\n

Interestingly, lending to all but the bank\u2019s very biggest clients was up <\/strong>as small and medium sized businesses borrowed 36% more YTD in local currency and LCY loans to individuals were up 29% in the same period.<\/p>\n

CIB <\/strong>began working in late October<\/a><\/strong> on a number of the central<\/strong> bank\u2019s recommendations <\/strong>and execs as well as new Non-Executive Chairman Sherif Samy have been in ongoing discussions with the CBE, the earnings release says. The bank is now bringing in an \u201cindependent international professional services firm\u201d<\/strong> to review its controls and lending functions as it finishes addressing issues the central bank raised in its review.<\/p>\n

The bank\u2019s shares are down about 6% on the EGX since the flap first broke in October<\/strong>, closing yesterday at EGP 62.50. They were at EGP 66.60 before rumors began circulating that something was happening at the country\u2019s largest private-sector lender.<\/p>\n

CIB \u201cremains prudentially sound and depositors\u2019 funds are fully secure,\u201d <\/strong>the central bank said in October when the news first broke. After Ezz Al Arab\u2019s departure, the regulator noted that \u201cwith [the] appointment of a new CIB chairman and the existing board, the bank should be well-placed to work on addressing regulatory, compliance and governance concerns that have been communicated to CIB.\u201d CIB\u2019s financials and control procedures are regularly audited by independent international auditors PwC and Deloitte.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leading private-sector commercial bank CIB reported net income of EGP 2.35 bn for 3Q2020 as it released its first set of financial results after CIB Chairman Hisham Ezz Al-Arab left office in the wake of a probe by the Central Bank of Egypt that found \u201cregulatory, compliance and governance concerns.\u201d Net income was down 26% […]<\/p>\n","protected":false},"author":1,"featured_media":568056,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[271,240,302,409,72,2307,2506],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-central-bank-of-egypt","tag-cib","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-hisham-ezz-al-arab","tag-hussein-abaza","wpautop","entry"],"acf":{"mongo_id":"bda2eac3-42ea-467a-9805-7b6682cc8565","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/287.jpg","photo_position":"above","related_issue":[568051],"teaser":"","voice_url":""},"yoast_head":"\nYou can breathe now - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You can breathe now\" \/>\n<meta property=\"og:description\" content=\"Leading private-sector commercial bank CIB reported net income of EGP 2.35 bn for 3Q2020 as it released its first set of financial results after CIB Chairman Hisham Ezz Al-Arab left office in the wake of a probe by the Central Bank of Egypt that found \u201cregulatory, compliance and governance concerns.\u201d Net income was down 26% […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-16T03:56:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"You can breathe now\",\"datePublished\":\"2020-12-16T03:56:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/\"},\"wordCount\":565,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"CIB\",\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Hisham Ezz Al Arab\",\"Hussein Abaza\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/\",\"name\":\"You can breathe now - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-12-16T03:56:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"You can breathe now\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"You can breathe now - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/","og_locale":"en_US","og_type":"article","og_title":"You can breathe now","og_description":"Leading private-sector commercial bank CIB reported net income of EGP 2.35 bn for 3Q2020 as it released its first set of financial results after CIB Chairman Hisham Ezz Al-Arab left office in the wake of a probe by the Central Bank of Egypt that found \u201cregulatory, compliance and governance concerns.\u201d Net income was down 26% […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-12-16T03:56:48+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"You can breathe now","datePublished":"2020-12-16T03:56:48+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/"},"wordCount":565,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1","keywords":["Central Bank of Egypt","CIB","earnings","earnings watch","EnterpriseAM","Hisham Ezz Al Arab","Hussein Abaza"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/","name":"You can breathe now - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1","datePublished":"2020-12-16T03:56:48+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/you-can-breathe-now\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"You can breathe now"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/287.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":577451,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/hisham-ezz-al-arab-is-back-on-the-board-at-cib\/","url_meta":{"origin":568055,"position":0},"title":"Hisham Ezz Al Arab is back on the board at CIB","author":"enterpriseam admin","date":"23 November 2022","format":false,"excerpt":"Our friend Hisham Ezz Al Arab is back home: CIB\u2019s former chairman and managing director Hisham Ezz Al Arab (LinkedIn) is back on the bank\u2019s board of directors after being appointed a non-executive director with the Central Bank of Egypt\u2019s blessing, the bank said in a statement yesterday. Ezz Al\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560478,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/01\/earnings-watch-cib-hdb-report-2020-earnings\/","url_meta":{"origin":568055,"position":1},"title":"Earnings watch: CIB + HDB report 2020 earnings","author":"enterpriseam admin","date":"1 March 2021","format":false,"excerpt":"Leading private sector bank CIB posted EGP 10.2 bn in consolidated net income in 2020, down 13% y-o-y from EGP 11.8 bn the year before, according to a company statement released overnight (pdf). The bank\u2019s bottom line in 4Q2020 came in at EGP 2.89 bn, dipping 11% y-o-y from EGP\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570984,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/26\/cib-acquires-51-of-kenyas-mayfair-bank\/","url_meta":{"origin":568055,"position":2},"title":"CIB acquires 51% of Kenya\u2019s Mayfair bank","author":"enterpriseam admin","date":"26 April 2020","format":false,"excerpt":"M&A WATCH- CIB acquires majority stake in Kenyan bank as it continues its expansion outside Egypt: CIB has purchased a 51% stake in Mayfair Bank, the Central Bank of Kenya said on Friday. The bank, which is the country\u2019s fourth-smallest lender, focuses on high net worth individuals and the corporate\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590570,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/24\/cib-net-income-more-than-doubles-in-2q-2023\/","url_meta":{"origin":568055,"position":3},"title":"CIB net income more than doubles in 2Q 2023","author":"enterpriseam admin","date":"24 July 2023","format":false,"excerpt":"The bank\u2019s net interest income climbed 86% y-o-y to more than EGP 13 bn","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/887.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575748,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/26\/institutional-investors-research-houses-hold-the-line-on-cib\/","url_meta":{"origin":568055,"position":4},"title":"Institutional investors, research houses hold the line on CIB","author":"enterpriseam admin","date":"26 October 2020","format":false,"excerpt":"Institutional investors, research houses hold the line on CIB amid selling pressure from retail investors following Ezz Al Arab\u2019s resignation. Four research houses have affirmed their ratings on CIB after Hisham Ezz Al Arab stepped down on Friday as chairman and managing director following a probe by the Central Bank\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577935,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/hisham-ezz-el-arab-appointed-cibs-non-executive-chairman\/","url_meta":{"origin":568055,"position":5},"title":"Hisham Ezz El Arab appointed CIB\u2019s non-executive chairman","author":"enterpriseam admin","date":"11 December 2022","format":false,"excerpt":"Hisham Ezz El Arab is once again chairman of CIB: Our friend Hisham Ezz El Arab (LinkedIn) was appointed non-executive chairman of cIB last week, the bank said in a disclosure (pdf) to the EGX on Thursday. He succeeds Sherif Samy (LinkedIn), who held the position since October 2020 and\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/189.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=568055"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568055\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/568051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/568056"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=568055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=568055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=568055"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=568055"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=568055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}