20. Commercial International Bank (CIB)

Country: Egypt
CEO and Managing Director: Hussein Abaza
Market value: $7.9 billion

CIB was established in 1975 as a joint venture between Chase Manhattan Bank and the National Bank of Egypt. In 2023, it had 193 branches and 15 units. The bank has a customer base exceeding 2.1 million. CIB also has a presence in Africa through its subsidiaries, including Mayfair-CIB Bank in Kenya, where the bank acquired its remaining 49% stake for $40 million in January 2023 and rebranding it to CIB Kenya Limited. Alpha Oryx Limited—a subsidiary of the U.A.E.’s ADQ—owns an 18.37% stake in the bank. CIB’s net profit jumped to $959 million in 2023, marking an 83.5% increase compared to 2022.