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Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (NBE, 51%) and the Chase Manhattan Bank (49%) under the name Chase National Bank of Egypt. Following Chases decision to divest its equity stake in 1987, NBE increased its shareholding to 99.9%, changing the Banks name to Commercial International Bank (Egypt) S.A.E. NBEs stake gradually decreased through several public offerings till reaching 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired NBE stake. In July 2009, Actis, a leading emerging markets private equity firm, invested US$ 244 million to get shares in...
Banking,commercial banking,direct investment,consumer lending,transaction services,cash management,investment banking,capital markets,brokerage and asset management,and wealth management
Cib egypt operates in the Banking industry.
Cib egypt's revenue is 1b+
Cib egypt has 10000+ employees.
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