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 .
Commercial International Bank (CIB) has completed its acquisition of Citibank Egypt's retail portfolio and credit card businesses. This is in line with Citibank's strategy of cutting costs in non-core areas; however, it will not be exiting Egypt entirely.