The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a memorandum of understanding (MoU) with the Commercial Bank of Egypt (CIB) to provide technical and financial support for micro, medium and small enterprises (MSMEs).

Madinet Masr has secured a medium-term revolving syndicated financing worth EGP 9 billion from seven lenders

The Egyptian Exchange’s (EGX) listing committee has approved listing an increase of EGP 236.570 million for the Commercial International Bank’s (CIB) issued and paid-up capital.

Commercial International Bank Egypt (CIB) reported an 84% year-on-year (YoY) growth in consolidated net profit after minority interest for 2023, according to the bank’s financial income statement issued on February 11th.

The Commercial International Bank (CIB) has borrowed $148 million from the African Development Bank (AfDB) to support small- and medium-sized enterprises (SMEs) and bolster the African trade.

Commercial International Bank Egypt (CIB) reported an 89% year-on-year increase in consolidated net profit after minority interest for the third quarter (Q3) of 2023, according to the bank’s earnings release issued on November 2nd.