​​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.
Commercial International Bank (CIB) has completed its acquisition of Citibank Egypt's retail portfolio and credit card businesses. The transaction is expected to close in the fourth quarter of this year, subject to regulatory approvals.