We would love to hear your thoughts about our site and services, please take our survey 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: 1.50
Ask: 1.526
Change: 0.01 (0.66%)
Spread: 0.026 (1.733%)
Open: 1.50
High: 1.524
Low: 1.45
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
13th Nov 20087:00 amRNS3rd Quarter Results
13th Nov 20087:00 amRNSInterim Management Statement
5th Nov 20083:40 pmRNSPrice Monitoring Extension
31st Oct 20083:41 pmRNSPrice Monitoring Extension
24th Oct 20083:41 pmRNSPrice Monitoring Extension
20th Oct 20083:40 pmRNSPrice Monitoring Extension
10th Oct 20083:40 pmRNSPrice Monitoring Extension
9th Oct 20083:47 pmRNSSecond Price Monitoring Extn
9th Oct 20083:41 pmRNSPrice Monitoring Extension
2nd Oct 20083:46 pmRNSSecond Price Monitoring Extn
2nd Oct 20083:40 pmRNSPrice Monitoring Extension
1st Oct 20083:45 pmRNSSecond Price Monitoring Extn
1st Oct 20083:40 pmRNSPrice Monitoring Extension
30th Sep 20083:47 pmRNSSecond Price Monitoring Extn
30th Sep 20083:41 pmRNSPrice Monitoring Extension
17th Sep 200811:57 amRNSResponse to Market Rumour
8th Sep 20088:54 amRNSDirectorate Change
29th Aug 20083:40 pmRNSPrice Monitoring Extension
18th Aug 20083:45 pmRNSSecond Price Monitoring Extn
18th Aug 20083:40 pmRNSPrice Monitoring Extension
13th Aug 20087:00 amRNSDirectorate Change
13th Aug 20087:00 amRNSInterim Management Statement
13th Aug 20087:00 amRNSInterim Results
8th Aug 20083:40 pmRNSPrice Monitoring Extension
7th Aug 20083:40 pmRNSPrice Monitoring Extension
4th Aug 20088:50 amRNSHolding(s) in Company
16th Jul 20087:10 amRNSRe: Stock Dividend
30th Jun 20087:00 amRNSpress release
14th May 20087:36 amRNSAAIB Merger
12th May 20083:48 pmRNS1st Quarter Results
6th May 20083:45 pmRNSSecond Price Monitoring Extn
6th May 20083:40 pmRNSPrice Monitoring Extension
30th Apr 20082:01 pmRNSChanges in IR Team
18th Mar 20082:55 pmRNSAGM Statement
17th Mar 20087:00 amRNSFormal Notice
25th Feb 20087:00 amRNSFurther re Final Results
25th Feb 20087:00 amRNSFinal Results
25th Feb 20087:00 amRNSProposed Stock Dividend
12th Nov 20077:04 amRNS3rd Quarter Results
1st Oct 20077:02 amRNSStatement re Possible Offer
8th Aug 20077:00 amRNSInterim Results
31st May 20073:44 pmRNSPrice Monitoring Extension
14th May 20077:00 amRNS1st Quarter Results
15th Mar 200712:41 pmRNSDividend Declaration
6th Feb 20074:13 pmRNSFinal Results - Replacement
6th Feb 20078:56 amRNSFinal Results
15th Jan 20078:00 amRNSStatement re. Press Comment
6th Nov 20067:00 amRNS3rd Quarter Results
30th Oct 20069:44 amRNSStrategic Alliance
17th Oct 20061:08 pmRNSFormal Notice

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.