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Egypt’s banking customer base “weak”, it’s not good timing for cryptocurrencies: CIB

Mohamed Farag, head of International Transactions and Digital Banking at the Commercial International Bank (CIB), described Egypt’s banking customer base as “weak”, with only 14 million customers. He explained that the country should have at least 60 million banking customers, and this low current figure is related to the banking service costs, especially in rural …

Daily News Egypt

All investigated transactions are correct, allegations are unfounded: CIB

The Commercial International Bank (CIB) released a press statement on Saturday stating that after the bank conducted a comprehensive internal investigation, they found that all banking operations within the bank were carried out in accordance with the banking procedures and rules. Moreover, according to the statement, all objected transactions were examined and found correct, and …

Mohamed Samir

CIB contributes to UNEP FI Banking Principles among 26 global banking institutions

Commercial International Bank-Egypt (CIB) participated in the first workshop organised by the United Nations Environment Programme Finance Initiative (UNEP FI) for the development of Banking Principles to include social and environmental responsibilities. These principles will be the first to align with the UN Sustainable Development Goals (SDGs) and the Paris Agreement on climate change, to …

Daily News Egypt

How to get personal or mortgage loans from CIB?

Commercial International Bank – Egypt (CIB) offers personal loans ranging from EGP 5,000 to EGP 1m without any guarantees, with a repayment period of up to 120 months. The bank additionally provides free life insurance for each borrower until the end of the loan period and allows borrowing with client’s deposits or savings certificates as …

Daily News Egypt