Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCom.int.bk.regs Regulatory News (CBKD)

Share Price Information for Com.int.bk.regs (CBKD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.524
Bid: 0.00
Ask: 1.83
Change: 0.00 (0.00%)
Spread: 0.33 (22.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1.524
CBKD Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Release concerning CIB's Rep Office in Ethiopia

18 Apr 2019 14:10

RNS Number : 6714W
Commercial Intnl Bank (Egypt) SAE
18 April 2019
 

Release

Cairo - April 18th, 2019

In line with the bank's expansionary plans in Africa, which comes in tandem with the sovereign direction towards the continent, CIB would like to announce that it has successfully established its commercial representative office in Addis Ababa, Ethiopia with the aim to strengthen the relationships with Ethiopian banks, promote Egyptian exports and gain market insights. This office represents the bank's first step to operate in one of the most attractive markets in the region, registering one of the highest GDP growth rates globally over the past years.

Commenting on this step, CIB's Chairman Hisham Ezz Al-Arab said, "We are very pleased with this initial step, and we're looking forward to the tremendous growth opportunities that Ethiopia offers, especially in light of the new changes that have been brought on by the new regime."

"There is huge growth potential where we see CIB adding value to its shareholders", Hussein Abaza, CIB's CEO and Board member has explained. "Business sentiment whether in terms of corporate lending or trade has been positive and we look forward to take our representative office to the next level where we can fully serve our existing and potential new customers.", he added.

End of Release

بيان

القاهرة في ١٨ أبريل ٢٠١٩

في إطار خطط البنك التوسعية في السوق الأفريقية وتماشيًا مع التوجه الاستراتيجي للدولة لزيادة التعاون مع الدول الأفريقية، يود البنك التجاري الدولي أن يعلن عن تأسيس مكتبه التمثيلي في مدينة أديس أبابا بأثيوبيا بهدف تعزيز العلاقات مع البنوك الأثيوبية ودعم التبادل التجاري من خلال الترويج للصادرات المصرية إلى أثيوبيا ودراسة السوق والفرص الاستثمارية المتاحة. ويعد هذا المكتب التمثيلي بمثابة حجر الأساس لتواجد البنك في أحد أكثر الأسواق الجاذبة بالمنطقة حيث سجلت أثيوبيا أعلى معدلات للنمو الاقتصادي على مستوى العالم في السنوات السابقة.

وتعليقاً على إنشاء المكتب التمثيلي، قال هشام عز العرب رئيس مجلس إدارة البنك التجاري الدولي "نحن سعداء بهذه الخطوة الأولى للتواجد الإقليمي لمصرفنا ونتطلع لفرص النمو الواعدة التي يوفرها السوق الأثيوبي خاصةً في ظل الإصلاحات التي قامت بها أثيوبيا مؤخراً".

وعقب حسين أباظة، المسئول التنفيذي الرئيسي وعضو مجلس الإدارة "نحن نؤمن بأن هناك الكثير من فرص النمو الواعدة في أثيوبيا والتي نتوقع أن يكون لها عائداً إيجابياً على مساهمي البنك التجاري الدولي. حيث يوفر مناخ الأعمال المزدهر في أثيوبيا سواءً على الصعيد التمويلي أو التجاري سبلاً جديدة لمصرفنا لإتاحة جميع الخدمات الممكنة للعملاء الحاليين والمستقبليين".

نهاية البيان

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCBXGDSLGBBGCI
Date   Source Headline
5th Nov 20197:00 amRNSCIB 3Q 2019 Earnings Release
9th Oct 20197:00 amRNSChanges in CIB's Board of Directors
9th Jul 20197:00 amRNSHalf-year Report
9th Jul 20197:00 amRNSCIB First Half 2019 Consolidated Financial Results
9th Jul 20197:00 amRNSCIB First Half 2019 Separate Financial Results
12th Jun 20193:04 pmRNSResolutions of CIB EGM 12 June 2019
16th May 20191:12 pmRNSItems to be discussed in CIB's June 12th EGM
16th May 20191:08 pmRNSInvitation to CIB's Extraordinary GAM
7th May 20197:00 amRNSCIB 1st Separate Quarter Results
7th May 20197:00 amRNSCIB Q1' 2019 Earnings Release
7th May 20197:00 amRNSCIB 1st Consolidated Quarter Results
18th Apr 20192:10 pmRNSRelease concerning CIB's Rep Office in Ethiopia
8th Apr 20197:00 amRNSCIB's 2018 IFRS Consolidated Financial Statements
14th Mar 20191:43 pmRNSCIB postpones the Extraordinary General Meeting
13th Mar 20191:16 pmRNSNotice of CIB's EGM (second meeting) on March 20th
11th Mar 20197:42 amRNSInvitation to CIB's EGA (Second) Meeting
11th Mar 20197:00 amRNSCIB Ordinary General Assembly Meeting Resolutions
7th Feb 20197:00 amRNSNotice of Extraordinary General Assembly Meeting
5th Feb 20197:00 amRNSCIB FY 2018 Separate Financials Results
5th Feb 20197:00 amRNSCIB FY 2018 Earnings Release
5th Feb 20197:00 amRNSCIB FY 2018 Consolidated Financials Results
4th Dec 20182:52 pmRNSClarification regarding proposed tax law amendment
8th Nov 20187:00 amRNS3rd Quarter Earnings Release
8th Nov 20187:00 amRNS3rd Quarter Separate Results
8th Nov 20187:00 amRNS3rd Quarter Consolidated Results
2nd Aug 201810:43 amRNSCIB 1H 2018 Separate Financial Results
2nd Aug 201810:40 amRNSCIB 1H 2018 Consolidated Financial Results
2nd Aug 20187:00 amRNSCIB 1H 2018 Consolidated Financial Results
2nd Aug 20187:00 amRNSCIB 1H 2018 Separate Financial Results
2nd Aug 20187:00 amRNSCIB 1H 2018 Earnings Release
16th Jul 20187:56 amRNSStatement by CIB- Update
12th Jul 20189:07 amRNSManagement Statement
9th May 20187:00 amRNS1st Quarter Consolidated Results
9th May 20187:00 amRNS1st Quarter Separate Results
9th May 20187:00 amRNS1st Quarter Earnings Release
5th Apr 20182:59 pmRNSUpdated Insider List
3rd Apr 20187:00 amRNSAnnual Financial Report
5th Mar 20187:00 amRNSSummary of GAM Resolutions
9th Feb 20187:00 amRNSInvitation to CIB's Ordinary General Assembly
1st Feb 20187:00 amRNSAnnual Financial Report
1st Feb 20187:00 amRNSCIB's Yer-end Seperate Financial Statements
1st Feb 20187:00 amRNSCIB's year-end 2017 Earnings Release
7th Dec 20177:00 amRNSCIB appoints two new non-executives to the Board
28th Nov 20177:24 amRNSIFC to provide CIB with $100 mn subordinated loan
14th Nov 20178:26 amRNSEBRD to provide CIB with a sub loan of USD 100 M
9th Nov 20177:00 amRNS3rd Quarter Results Earnings Release
9th Nov 20177:00 amRNS3rd Quarter Separate Results
9th Nov 20177:00 amRNS3rd Quarter Consolidated Results
27th Sep 20174:34 pmRNSPublication of Prospectus
27th Jul 20172:12 pmRNSRelease about CIB's remaining ownership in CICH

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.