​​Press Release Cairo, October 29th, 2015 – Further to the press release that was issued on August 24th regarding receiving the CBE's approval on Citibank Egypt transaction, CIB is pleased to announce that the acquiring process of Citibank Egypt's retail portfolio and cards business is complete.
Capital International Bank ( CIB ) has completed its acquisition of Citibank Egypt 's retail banking and credit card operations . This is in line with Capital 's strategy of cutting costs in non - core areas ; however , it will not be exiting Egypt entirely .