Egypt’s Commercial International Bank (CIB) has emerged as not only a very good bank for small and medium-sized enterprises but also a key innovator in a sometimes overlooked area of finance.
The Cairo-based lender’s business banking division caters to SMEs with annual revenues ranging from E£1 million to E£200 million ($53,384 to $10.74 million). It serves over 70,000 companies through a network of 250 experienced relationship managers.
In 2021, the division posted an operating profit of E£1.88
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