CIB is Egypt’s leading private-sector bank. It is an award-winning institution dedicated to creating outstanding stakeholder value and providing superior customer service solutions to a broad range of clients. The Bank furnishes its clients with innovative solutions that satisfy their banking needs and facilitate their financial lives. The Bank’s dynamic business model and commitment to fully integrating superior technology into its products and services allow it to maintain its market leadership and to offer staff an engaging work environment while generating mounting value.
The Bank serves an expansive network of retail customers, high-net-worth (HNW) individuals, and enterprises and institutions that drive the Egyptian economy. With a well-established network of 203 branches and a workforce comprising 6,759 employees, CIB provides tailored, client-centric services to clients in the corporate, commercial, retail, wealth, and small- and medium-size enterprise (SME) spheres while working to deliver the most streamlined, efficient banking service offering in the Egyptian market.
The Bank has one fully owned subsidiary, CVentures, and two affiliates, Falcon Group and Fawry Plus, in which it owns stakes of 32.5% and 23.5%, respectively. CVentures was established in 2018 and is Egypt’s first corporate venture capital firm focused primarily on investing in category-defining companies in the field of financial services. Falcon Group is a provider of security services, cash-in-transit, property management, and general and technical services. Fawry Plus offers agent banking financial services, including limited KYC servies, the collection of documents needed for mobile wallet registration, prepaid and credit card issuance, loan issuance, and account opening, while also taking care of repaying loan and credit card dues and other payments such as utility, telecom, taxes, and fines.
For several years, CIB has also enjoyed the titles of most profitable bank operating in Egypt and the bank of choice for over 500 of Egypt’s largest corporations. CIB was also named the World’s Best Bank in the Emerging Markets at the Global Finance 2018 special awards ceremony, one year after it was awarded same title from Euromoney.