{"id":626021,"date":"2018-08-28T03:41:19","date_gmt":"2018-08-28T03:41:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/"},"modified":"2018-08-28T03:41:19","modified_gmt":"2018-08-28T03:41:19","slug":"cibs-board-approves-capital-increase-through-bonus-shares","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/","title":{"rendered":"CIB\u2019s board approves capital increase through bonus shares"},"content":{"rendered":"

CIB\u2019s board of directors approved on Sunday increasing the bank\u2019s issued capital by EGP 2.98 bn to EGP 14.58 bn through a 1-for-4 bonus share issue, according to a company disclosure to the EGX (pdf)<\/a>. The increase will be funded through the bank\u2019s reserves, and is still pending necessary approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB\u2019s board of directors approved on Sunday increasing the bank\u2019s issued capital by EGP 2.98 bn to EGP 14.58 bn through a 1-for-4 bonus share issue, according to a company disclosure to the EGX (pdf). The increase will be funded through the bank\u2019s reserves, and is still pending necessary approvals.<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626021","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"d9757296-3e44-444a-a04b-59f84fb95102","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"CIB\u2019s board approves capital increase through bonus shares","related_issue":[625991],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.d4ff5a0e-a339-4393-910b-fcfac37735cb.mp3"},"yoast_head":"\nCIB\u2019s board approves capital increase through bonus shares - 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\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB\u2019s board approves capital increase through bonus shares\" \/>\n<meta property=\"og:description\" content=\"CIB\u2019s board of directors approved on Sunday increasing the bank\u2019s issued capital by EGP 2.98 bn to EGP 14.58 bn through a 1-for-4 bonus share issue, according to a company disclosure to the EGX (pdf). The increase will be funded through the bank\u2019s reserves, and is still pending necessary approvals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-28T03:41:19+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB\u2019s board approves capital increase through bonus shares\",\"datePublished\":\"2018-08-28T03:41:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/\"},\"wordCount\":60,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cibs-board-approves-capital-increase-through-bonus-shares\/\",\"name\":\"CIB\u2019s board approves capital increase through bonus shares - 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The bank submitted documents to the EGX yesterday and the bourse is studying the proposal, it said, according to an EGX bulletin yesterday.The plan: CIB would issue EGP 10\u2026","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597830,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/earnings-watch-cib-emaar-misr-report-1q2019-results\/","url_meta":{"origin":626021,"position":1},"title":"Earnings watch: CIB, Emaar Misr report 1Q2019 results","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"EARNINGS WATCH- Our friends at CIB delivered a 31% y-o-y increase in net income of EGP 2.64 bn in 1Q2019 on revenues of EGP 5.60 bn, which rose 35% y-o-y. CIB recorded a capital adequacy ratio of 21.5% by the end of the quarter, which is above the minimum regulatory\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":555420,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/cib-profits-surge-62-in-3q2021-as-bank-posts-another-record-quarter\/","url_meta":{"origin":626021,"position":2},"title":"CIB profits surge 62% in 3Q2021 as bank posts another record quarter","author":"enterpriseam admin","date":"14 November 2021","format":false,"excerpt":"CIB\u2019s net income surged 62% y-o-y to EGP 3.81 bn in 3Q2021 as net interest income of EGP 6.5 bn contributing to 7% year-on-year growth in revenues to EGP 7.14 bn, the bank said in its quarterly financials (pdf) and earnings release (pdf). 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