Commercial International Bank

Commercial International Bank CIB

New Borg El Arab city Branch
Native name	البنك التجاري الدولي
Company type	Private company
Industry	Banking and financial services
Founded	1975; 49 years ago (1975)
Headquarters	Cairo , Egypt
Key people	Hussein Abaza [1] (CEO and chairman)
Services	Financing, Retail banking
Website	www.cibeg.com

Commercial International Bank or CIB (Arabic: البنك التجاري الدولي) is an Egyptian bank, one of the largest banks in the Egyptian private sector.^[2][3]

The Commercial International Bank was established in 1975,^[4] with joint ownership by National Bank of Egypt (51%) and Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt".^[5] In 1987, after Chase Bank’s decision to sell its share of the shares, the National Bank of Egypt established an increasing in its stake to 99.9%, and the bank’s name was changed to "Commercial International Bank – Egypt." The National Bank of Egypt's share continued to decline through several public offerings, to reach 18.7%. In 2006, a consortium led by Ripplewood Holdings acquired the share of the National Bank of Egypt. In July 2009, Actis purchased a 9.1% stake in Commercial International Bank, thus becoming the largest single shareholder in the bank's capital.^{[citation needed]}

In March 2014, Actis sold part of its stake in the bank amounting to 2.6%. The sale was made through the Egyptian Stock Exchange to a group of several portfolio managers and international investment funds. In May of the same year, Actis sold its remaining 6.5% stake in the bank's capital to Fairfax Holding Company for Financial Services, and in late 2015 the Commercial International Bank acquired the shares of Citibank – Egypt through the Egyptian Stock Exchange and included all of its branches in its management. in April 2022 ADQ — one of Abu Dhabi's sovereign funds acquired a stake in the bank worth $911.457m.^[6]

• List of banks in Egypt