Project Notice |
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| PNR | 57895 |
| Project Name | Commercial International Bank (CIB) |
| Project Detail | Location: Egypt Project number: 54442 Business sector: Financial institutions Notice type: Private Approval date: 01 Nov 2023 Status: Approved PSD disclosed: 16 Nov 2023 Provision of a subordinated loan of up to USD 150 million in favor of Commercial International Bank (CIB) to support its expansion efforts and strengthen its capital buffers. Project Objectives The project will help strengthen CIBs Tier II capital to support its growth, optimize its capital structure, as well as hedge against further erosion of the banks capital base as a result of market volatility. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Forestry |
| Country | Egypt , Northern Africa |
| Project Value | EGP 150,000,000 |
Contact Information |
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| Company Name | COMMERCIAL INTERNATIONAL BANK SAE |
| Address | Abla Fahmy abla.hussein@cibeg.com +(2) 01006634299 https://www.cibeg.com/ 21/23 Charles de Gualle street, Giza, 10th floor |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/54442.html |
