Commercial International Bank-Egypt raises spending limits on FX credit cards

Mohamed Abd El Ghany

The bank also reduced the Foreign exchange markup fees to 5% for all cards

Staff Writer, Mubasher

June 25, 2024

PHOTO

Cairo – Commercial International Bank-Egypt (CIB) has increased the limit on foreign-currency spending in and outside Egypt using credit cards.

The bank also reduced the Foreign exchange markup fees to 5% for all cards, according to a statement.

It is worth noting that CIB posted consolidated net profits of EGP 11.92 billion in the first quarter (Q1) of 2024, up from EGP 6.06 billion in Q1-23.

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