CIB

EBRD provides US$ 100 million loan to strengthen

Cairo - Emirates Voice

The EBRD is providing a subordinated loan of up to US$ 100 million to Commercial International Bank (CIB) to strengthen CIB’s capital base and support the growth of the bank’s lending in Egypt. The subordinated loan qualifies as Tier II capital under the recently modified regulations of the Central Bank of Egypt. It is the second time under the newRead more

Egypt's CIB completes $40 mln sale of investment banking unit

Egypt - Arab today

Egypt's largest listed bank CIB said on Monday it had finalised the sale of a near 75 percent stake in its investment banking arm to a consortium of local and foreign investors in a deal worth EGP 710.2 million ($39.5 million). Commercial International Bank (CIB) signed an agreement in December to sell the majority of its shares in CIRead more

Dollar exceeds EGP 17 in morning trading

Cairo - MENA

The exchange rate of the US dollar exceeded EGP 17 in early trading of Tuesday, rising by 50 to 60 piasters in comparison with Monday. The dollar price stood at EGP 17.25 for buying and 17.35 for selling at the National Bank of Egypt and Banque Misr. At Banque du Caire, the dollar buying price recorded EGP 17 and itsRead more

Dollar exchange rate stable in 5 major banks

Cairo - MENA

The exchange rate of the US dollar was stable on Monday in the five major banks. The US dollar recorded EGP 18.30 for buying and EGP 18.35 for selling at the National Bank of Egypt. It recorded EGP 18.35 for buying and EGP 18.40 for selling at Banque Misr and Banque du Caire. In the Arab African International Bank (AAIB),Read more

Slight change in dollar exchange rate

Cairo - MENA

The exchange rate of the US dollar Wednesday stood at EGP 17.9 for buying and EGP 18.15 for selling at the National Bank of Egypt (NBE) and Banque Misr. At Banque Du Caire, the dollar exchange rate reached EGP 18 for buying and EGP 18.25 for selling. The dollar exchange rate at the Commercial International Bank (CIB) remained unchanged atRead more

Dollar exchange rate stable in Banque Misr, Banque Du Caire

Cairo - MENA

The exchange rate of the US dollar was stable during Wednesday's trading at Banque Misr and Banque Du Caire. While, the dollar exchange rate declined by 10 piasters for buying and selling in the National Bank of Egypt and the Commercial International Bank (CIB). The exchange rate of the US dollar was stable during Tuesday's trading at the four majorRead more

US dollar hits EGP 19 at NBE, CBE

Cairo - MENA

The US dollar exchange rate at the National Bank of Egypt (NBE) and the Commercial International Bank (CIB) rose to 19 pounds, registering its highest level since the flotation of the Egyptian pound on November 3. The rate at the two banks on Monday recorded between EGP 19.2 and EGP 19.25 for selling.Read more

Dollar exchange rate stable at key 4 banks

Cairo - Arab Today

The exchange rate of the US dollar was stable in early trading of Wednesday at the four major banks in Egypt; the National Bank of Egypt, Banque Misr, Banque Du Caire and Commercial International Bank (CIB). The dollar exchange rate inched up on Tuesday, exceeding EGP 18 sell price. The dollar recorded EGP 17.75 for buying and EGP 18 forRead more

Egyptian GDRs in London down

London - MENA

The Egyptian global depository receipts (GDRs) traded on London Stock Exchange (LSE) dropped at the close of Friday's trading. The GDRs of EFG Hermes and the Commercial International Bank (CIB) went down by 3.76 percent and 5.06 percent to 2.04 dollars and 4.03 dollars respectively. In the meantime, the GDRs of Orascom Telecom and Edita Food Industries remained unchanged atRead more

Egyptian GDRs in London up

London - MENA

The Egyptian global depository receipts (GDRs) traded on London Stock Exchange (LSE) rose at the close of Friday’s trading. The GDRs of the Commercial International Bank (CIB) and EFG Hermes went up by 0.23 percent and 4.28 percent respectively. In the meantime, the GDRs of Edita Food Industries and Orascom Telecom remained unchanged at 6.66 dollars and 0.40 dollars respectively.Read more