Egypt: CIB secures $150mln loan facility from IFC

The loan qualifies as Tier II capital and has a 10-year maturity period

Arab Finance

October 2, 2024

PHOTO

The Commercial International Bank (CIB) has signed a $150 million loan facility with the International Finance Corporation (IFC), according to a recent disclosure.

The loan qualifies as Tier II capital and has a 10-year maturity period.

This agreement aligns with CIB’s proactive capital management strategy, aimed at maintaining a strong and resilient capital base.

Both the bank's executive management and board are focused on exploring diverse options to ensure the bank remains robust and less susceptible to external market influences.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO