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Created on: 2020-10-30 10:13:19
Last update: 2022-01-06 00:00:00
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About Commercial International Bank (CIB)
The Commercial International Bank (CIB) was established in 1975 as a joint venture between the National Bank of Egypt (51%) and the Chase Manhattan Bank (49%) under its original name 'Chase National Bank of Egypt'. Following Chase's decision to divest its equity stake in 1987, National Bank of Egypt increased its shareholding to 99.9%, and the bank changed its name to Commercial International Bank. In 1993, as part of its privatisation strategy, CIB launched a public share issue resulting in a reduction of the National Bank of Egypt's stake to 43%. Headquartered in Cairo, CIB provides services to clients in the corporate, commercial, retail, wealth, and SME spheres.
Nile Tower Building, 21/23 Charles De Gaulle, Giza
Hussein Abaza |
CEO and Managing Director
|Annual report||Annual report 2020|
listed on Egyptian Exchange (EGC)
CIB's complete shareholder structure can be accessed here.
|Complaints and grievances||
CIB does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's financing.
Banks and Human Rights
Human Rights Benchmark Africa 2021
Commercial International Bank (CIB)'s human rights policies, processes and reporting were assessed as part of the Human Rights Benchmark Africa 2021. The bank is assessed as a Laggard, with a total score of 2 out of 14.
Due dilligence: 0/5