Commercial International Bank Financial Solutions and Comparison

Commercial International Bank offers a range of financial solutions designed to meet the diverse needs of its customers. The bank's personal banking services include a variety of accounts, such as current accounts and savings accounts.

These accounts come with features like online banking, mobile banking, and ATM services. The bank's current accounts offer a range of benefits, including free transfers and unlimited cheques.

Commercial International Bank also provides credit facilities to its customers, including personal loans and credit cards. Personal loans can be used for various purposes, such as home renovations or debt consolidation.

The bank's credit cards offer rewards and cashback programs, as well as travel insurance and purchase protection.

Commercial International Bank was established in 1975 as Chase National Bank of Egypt, with joint ownership by National Bank of Egypt and Chase Manhattan Bank.

The bank's name changed to Commercial International Bank – Egypt in 1987, after Chase Bank sold its share to National Bank of Egypt, which increased its stake to 99.9%.

Over the years, National Bank of Egypt's share declined through several public offerings, reaching 18.7% by an unspecified time. Actis purchased a 9.1% stake in the bank in July 2009, becoming the largest single shareholder.

In 2014, Actis sold 2.6% of its stake to a group of portfolio managers and international investment funds, and later sold its remaining 6.5% stake to Fairfax Holding Company for Financial Services in May of the same year.

The bank acquired Citibank – Egypt's shares through the Egyptian Stock Exchange in late 2015, expanding its operations. In April 2022, ADQ, a sovereign fund from Abu Dhabi, acquired a stake in the bank worth $911.457m.

Commercial International Bank has a rich history dating back to 1975 when it was established as the Chase National Bank of Egypt with joint ownership by National Bank of Egypt and Chase Manhattan Bank.

The bank's name changed to Commercial International Bank – Egypt in 1987 after Chase Bank sold its share to National Bank of Egypt, which then increased its stake to 99.9%.

The National Bank of Egypt's share in the bank continued to decline through several public offerings, eventually reaching 18.7% in 2006.

A consortium led by Ripplewood Holdings acquired the remaining National Bank of Egypt share in 2006, marking a significant shift in the bank's ownership.

Actis purchased a 9.1% stake in Commercial International Bank in July 2009, becoming the largest single shareholder in the bank's capital.

Actis sold part of its stake in the bank in March 2014, followed by the sale of its remaining 6.5% stake in May of the same year to Fairfax Holding Company for Financial Services.

The Commercial International Bank acquired the shares of Citibank – Egypt through the Egyptian Stock Exchange in late 2015, expanding its presence in the country.

In April 2022, ADQ, one of Abu Dhabi's sovereign funds, acquired a significant stake in the bank worth $911.457m.

Commercial International Bank (Egypt) SAE has a long history dating back to its founding in Egypt. The bank has undergone significant transformations over the years, adapting to changing market conditions and customer needs.

One of the key aspects of the bank's operations is its presence in various locations. According to the Locations section, the bank has a significant presence in Egypt, with branches and offices across the country.

The bank's management team plays a crucial role in its success. The Executives section lists the key personnel responsible for the bank's operations, including the CEO and other senior executives.

Here is a brief overview of the bank's segment analysis:

The bank's financial performance is another important aspect of its operations. According to the Financials section, the bank has consistently reported strong financial results, with increasing revenue and profits over the years.

The bank's SWOT analysis is a critical tool used by its management team to identify strengths, weaknesses, opportunities, and threats. The SWOT Analysis section provides a detailed analysis of the bank's internal and external factors that impact its operations.

Overall, Commercial International Bank (Egypt) SAE has a strong presence in Egypt, with a robust management team and a solid financial performance.

At Commercial International Bank (CIB), you can manage all your financial needs under one roof. The bank offers a range of products and services to cater to your financial goals.

CIB's product offerings include accounts, such as current and savings accounts, as well as other specialized accounts. You can also access your account through internet banking or telephone banking.

The bank's services include ATM services, allowing you to withdraw cash or check your account balance conveniently. Additionally, CIB provides comprehensive financial solutions, including loans, credit cards, and mortgage services.

Here are some of the key products and services offered by CIB:

CIB provides comprehensive financial solutions, including loans, credit cards, and mortgage services, which means you can manage all your financial needs under one roof.

You can access these services through various channels, such as Internet Banking, Telephone Banking, and ATM Services.

Their financial advisors can provide personalized advice to help you achieve your financial goals, whether it's planning for retirement, your children's education, or buying a home.

Here are some of the specific products and services offered by CIB:

They offer a range of products, including Accounts, Current, and Savings, which can be used in conjunction with their services to manage your finances effectively.

CIB has a wide branch network across Egypt, making it convenient for customers to access banking services in person. This extensive network allows customers to reach out to a physical location for their banking needs.

Choosing CIB for your banking needs can bring long-term benefits that go beyond immediate advantages. Banking with CIB offers a range of long-term benefits.

CIB's high-interest rates can help you grow your savings over time. For example, Sarah, a 30-year-old professional, was able to save for a down payment on a house by taking advantage of CIB's high-interest rates.

By banking with CIB, you can enjoy peace of mind knowing that your money is working for you.

Banking with CIB can provide long-term benefits that go beyond immediate savings. With interest rates frequently exceeding 18%, you can earn significant returns on your savings.

CIB offers financial planning services to help you achieve your financial goals, whether it's retirement, your children's education, or buying a home. Their financial advisors can provide personalized advice to suit your needs.

Opening a fixed deposit account with CIB for a term of 3 years can be a smart move, especially with an initial deposit of EGP 100,000. You can earn a high return on your investment, like Sarah who earned EGP 57,000 in interest over 3 years.

CIB provides comprehensive financial solutions, including loans, credit cards, and mortgage services, which means you can manage all your financial needs under one roof. This can save you time and effort in the long run.

By banking with CIB, you can reach your financial goals much faster, like Sarah who was able to save for a down payment on a house with the help of CIB's high-interest rates.

Let's take a closer look at how Commercial International Bank (CIB) stacks up against its competitors in Egypt.

CIB has a strong presence in Egypt, with its headquarters located in Giza. In fact, all of the major banks in Egypt, including CIB, have their headquarters in Egypt. This suggests that they are all well-established and reputable institutions.

Here's a comparison of the number of employees at each bank:

As you can see, CIB has a significantly larger workforce than some of its competitors, such as Egyptian Gulf Bank SAE. This could be an indication of the bank's growth and expansion plans.

At Commercial International Bank, customer experience is a top priority. The bank has a dedicated customer service team that is available 24/7 to assist with any queries or concerns.

The bank's online banking platform is user-friendly and accessible from anywhere with an internet connection. This allows customers to manage their accounts, pay bills, and transfer funds at their own convenience.

Commercial International Bank has a wide range of financial products and services that cater to the diverse needs of its customers. From personal loans to corporate banking solutions, the bank has something for everyone.

The bank's customer service team is available in multiple languages, making it easier for customers from different nationalities to access their services. This is particularly useful for customers who may not be fluent in the local language.

Commercial International Bank has a strong presence in the local community, with branches and ATMs located throughout the country. This makes it easy for customers to access their services and conduct financial transactions.

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IT spending can be a significant investment for any bank, and understanding the priorities can help in making informed decisions.

Commercial International Bank (Egypt) SAE likely allocates its IT budget across various technology areas, including ICT spend.

Having access to this information can provide valuable insights into the bank's digital strategy and help businesses understand where to focus their efforts.

The bank's ICT spend priorities are likely to be driven by its business needs and goals, such as improving customer experience, increasing efficiency, and reducing costs.

Understanding the bank's ICT spend priorities can help businesses identify potential opportunities for collaboration and partnership.

By analyzing the bank's ICT spend, businesses can gain a better understanding of its technology landscape and make informed decisions about how to engage with the bank.

Commercial International Bank (CIB) is known for offering some of the highest interest rates in the country. This can be a game-changer for those looking to save money.

The bank offers high-interest savings accounts that provide competitive rates, allowing you to earn more compared to traditional savings accounts. You can earn up to 12% interest on your Premium Savings account.

One of the most attractive long-term benefits is the consistency in high-interest rates. CIB has a track record of offering competitive rates, ensuring that your savings grow effectively over time.

The interest rates offered by CIB vary depending on the account type. Here are some of the interest rates you can expect:

These rates can often exceed 18%, making fixed deposits a popular choice for those looking to lock in their money and earn a high fixed rate of return.

Commercial International Bank has got digital banking down to a science. With robust online and mobile banking services, you can manage your account from just about anywhere.

You can check your balance, transfer funds, and even apply for other banking products. This makes it incredibly convenient to take care of your banking needs on your own schedule.

CIB's online and mobile banking services are designed to make your life easier, saving you time and effort.

Commercial International Bank (CIB) offers a wide range of financial solutions, including personal, corporate, and investment banking services.

CIB provides various account options, such as current accounts, savings accounts, and certificate of deposits, as well as credit cards, debit cards, and prepaid cards.

The bank also offers loans and mortgages, overdrafts, SME banking, and international banking services.

CIB's investment banking solutions include financial instruments trading, leasing, structured financing, and merger and acquisition advisory.

The bank provides private banking, insurance, investment funds, financial planning, and custody, and treasury and capital markets services.

CIB has operations in several locations, including Cairo, Upper Egypt, Alexandria, Delta, and Sinai.

Here is a list of some of the services CIB offers: