Rank: 16
Commercial International Bank (CIB)
Date of Establishment: 1975
Country: Egypt
CEO: Hussein Abaza
Sales: $3 billion
Profits: $654 million
Assets: $27.3 billion
Market Value: $4.9 billion
CIB was established in 1975 as a joint venture between the National Bank of Egypt and the Chase Manhattan Bank. Today, it has 6,900 employees serving more than 1.4 million customers, including Egypt’s 500 largest corporations, online and at across 207 branches. The bank’s net profits declined 13% in 2020. Hussein Abaza became CEO in 2017, after serving six years as the CEO of Institutional Banking.