CIB logo

Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, National Bank of Egypt (NBE) increased its shareholding to 99.9%, and the Bank changed its name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till it reached 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired the NBE stake. In July 2009, Actis a leading emerging markets private equity firm, invested US$ 244 million to acquire shares in CIB. Hence, Actis acquired 50% of the stake held by the Consortium led by Ripplewood Holdings. Five months later, Ripplewood sold its remaining position of 4.7% in CIB through the open market. This move marked the successful transition of strategic partnership to be with Actis, who then became the largest shareholder in CIB with a 9.1% stake. In March 2014, Actis sold a portion of its holding in CIB, representing 2.6% of the Bank’s total outstanding shares, in the open market to a group of international investors. Later in the year, Actis, has successfully realised its investment in Commercial International Bank (CIB )and has sold its remaining 6.5% to Subsidiaries wholly owned by Fairfax Financial Holdings Ltd (“Fairfax”) in May 2014.​ Commercial International Bank (CIB) is the leading private sector bank in Egypt, offering a broad range of financial products and services to its customers, which include enterprises of all sizes, institutions, households and high-net worth individuals. The Bank strives to provide clients with superior financial solutions to meet all of their financial needs. Having the strongest bran​d equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. Moreover, CIB shows tremendous upside potential within the bourgeoning Retail and SME Banking markets.​ ​Through its superior management, high operating standards, corporate governance best practices and premier training programs, CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years.



3 Years Fixed

Interest Rate

9.5% , 9.75% , 10% , 10.25% , 9.16%

Interest Frequency

Monthly , Quarterly , Semi Annual, Annual , At Maturity

Tenor

3 Years

Secured Facility

upto 90%

Interest Rate

Minimum Amount

1,000 EGP


5 Years Fixed

Interest Rate

9.25% , 9.5% , 9.75% , 10% , 8.32%

Interest Frequency

Monthly , Quarterly , Semi Annual, Annual , At Maturity

Tenor

5 Years

Secured Facility

upto 90%

Interest Rate

Minimum Amount

1,000 EGP


3 Years Floating

Interest Rate

10.5%

Interest Frequency

Monthly , Quarterly

Tenor

3 Years

Secured Facility

upto 90%

Interest Rate

Minimum Amount

1,000 EGP


Platinum Card

Annual Fees

445 EGP

Monthly Interest Rate

2.59%

Grace Period

up to 55 days

Issuer

MasterCard

Minimum Card Limit

30,000 EGP

Maximum Card Limit

500,000 EGP

Minimum Income

10,000

SMS Alert

Free

Points

3 points per 1 EGP spent

Airport Lounge Access

MasterCard Lounges only

Supplementary Card Fees

Free

Cash Withdrawal

up to 100% of limit

Over Limit Fees

50 EGP

Late Payment Fees

75 EGP

FX Markup Fees

3%


Titanium Card

Annual Fees

195 EGP

Monthly Interest Rate

2.69%

Grace Period

up to 55 days

Issuer

MasterCard

Minimum Card Limit

10,000 EGP

Maximum Card Limit

150,000 EGP

Minimum Income

3,500

SMS Alert

Yes, Free

Points

2 points per 1 EGP spent

Airport Lounge Access

MasterCard Lounges only

Supplementary Card Fees

Free

Cash Withdrawal

up to 100% of limit

Over Limit Fees

50 EGP

Late Payment Fees

75 EGP

FX Markup Fees

3%


Heya Card

Annual Fees

200 EGP

Monthly Interest Rate

2.69%

Grace Period

up to 55 days

Issuer

MasterCard

Minimum Card Limit

10,000 EGP

Maximum Card Limit

150,000 EGP

Minimum Income

3,500

SMS Alert

Yes, Free

Points

2 points per 1 EGP spent

Airport Lounge Access

MasterCard Lounges only

Supplementary Card Fees

Free

Cash Withdrawal

up to 100% of limit

Over Limit Fees

50 EGP

Late Payment Fees

75 EGP

FX Markup Fees

3%


Gold Card

Annual Fees

95 EGP

Monthly Interest Rate

2.99%

Grace Period

up to 55 days

Issuer

MasterCard

Minimum Card Limit

1,000 EGP

Maximum Card Limit

20,000 EGP

Minimum Income

2,000

SMS Alert

Free

Points

1 points per 1 EGP spent

Airport Lounge Access

No

Supplementary Card Fees

Free

Cash Withdrawal

up to 100% of limit

Over Limit Fees

50 EGP

Late Payment Fees

75 EGP

FX Markup Fees

3%


Personal Loan

interest rate

17.5% - 26.5%

minimum salary

2000 EGP

loan amount

upto 1,000,000 EGP

loan tenor

upto 20 years

administrative fees

from 1.5% to 2% + 150 EGP

late payment fees

5% on amount due

early settlement fees

5% from paid amount

i score fees

Free

life insurance

Free


Auto Loan

interest rate

20% - 25%

Minimum Salary

3000

loan amount

upto 600,000 EGP

loan tenor

upto 6 years

administrative fees

from 1.5% to 2% + 150 EGP

late payment fees

5% on due amount

early settlement fees

5% from paid amount

i score fees

Free

life insurance

Yes

downpayment

From zero

Features



Smart Wallet

available services

Cash Deposit, Cash Withdraw, Transfer Of Money, Bill Payments, Purchase Online, Merchant Purchase

subscription fees

Free

cash in through agent fees

Free

cash in through atm fees

Free

cash out through agent fees

0.75% With Min. 3 EGP

cash out through atm fees

0.5% With Min. 3 EGP

transfer fees person to person

0.5% With Min. 2 EGP

bill payment fees

50% On All Bill Payment Tariffs

maximum wallet balance

10,000 EGP

daily transaction limit

6,000 EGP

monthly transaction limit

50,000 EGP

load wallet

Cash, Debit Card, Credit Card

special offers

Bank Name



Plus Account

account type

Saving / Current

interest

minimum opening balance

200,000

annual fees

100 EGP

internet banking

Yes

mobile banking

Yes

debit card annual fees

60 EGP

debit card daily withdrawal limit

30,000 EGP

withdrawal from other atm fees

2% min. 20 EGP


Wealth Account

account type

Saving / Current

interest

minimum opening balance

1,000,000

annual fees

100 EGP

internet banking

Yes

mobile banking

Yes

debit card annual fees

100 EGP

debit card daily withdrawal limit

40,000 EGP

withdrawal from other atm fees

2% min. 20 EGP
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