CIB Group

Commercial International Bank was established in 1975 as a joint
venture between National Bank of Egypt (NBE) (51%) and
Chase Manhattan Bank (49%) under its original name .Chase
National Bank of Egypt,. primarily to provide trade financing and
other banking services to multinational companies in Egypt.
To date, the Bank offers its services through three business units:
Institutional Banking, Small- to Medium-Sized Enterprises
(SMEs) and Consumer Banking. Its Institutional Banking
segment covers corporate banking, treasury, direct investments
and structured finance. The SMEs division offers short- and
medium-term financing, contract financing and guarantees. Its Consumer Banking division offers accounts, loans, residential property finance, CIB wealth, and a range of CIB debit and credit cards. CIB also offers investment services through its subsidiary, CI Capital Holding Company.
Ranked the largest private sector bank in Egypt with 7.21% market share in loans, 6.55% market share in deposits, 154 outlets, and 506 ATMs.CIB have witnessed several ownership changes, the latest one being in December 2009 when Ripplewood Holding sold its 9.3% stake in CIB to emerging markets private equity specialist Actis, leaving Actis the bank.s largest single shareholder.
The Bank has developed a large portfolio of green field investments specializing in financial services whereas in 2008, CI Capital Holding, CIB.s fully fledged investment banking arm, became its wholly owned subsidiary.
As per CIB, it is working aggressively towards a strategy to enhance its retail base in Egypt. Figures reveal that CIB.s consumer assets grew 33.8%YoY in 2009 and another 22.1%YTD in 1H10, exhibiting that retail segment is expanding exponentially.