THE MIDDLE EAST'S

TOP 30 BANKS 2022

24. Commercial International Bank (CIB)

Country : Egypt
CEO and Managing Director: Hussein Abaza
Market value: $3.9 billion
Revenues: $2.7 billion
Profits : $713 million
Assets: $26.8 billion

CIB was established in 1975 as a joint venture between the National Bank of Egypt and the Chase Manhattan Bank. It employs 7,307 people and serves more than 1.6 million customers across 213 branches. CIB has several subsidiaries, including CVentures and the Mayfair CIB Bank in Kenya. In April, Alpha Oryx Limited—a subsidiary of the U.A.E’s ADQ—acquired an 18.6% stake in CIB for $987.5 million. Hussein Abaza became CEO in 2017.