Best bank
Commercial International Bank
Best debt house
Calyon
Best equitIes house
EFG-Hermes
Best M&A house
EFG-Hermes
The corporate franchise at Commercial International Bank (CIB) is widely acknowledged as second to none among the country?s privately owned banks.
Although smaller, in terms of assets, than the country?s state-owned banks, CIB is vastly more profitable and more efficiently managed.
Despite Egypt?s continued economic difficulties CIB has continued to outperform its competition.
Some of Egypt?s foreign joint-venture banks, such as National Société Générale Bank, have managed to carve out successful and profitable niches in the country, particularly in retail banking, but none yet has the depth or breadth to challenge CIB for the title of best bank in Egypt.
French firm Calyon wins the best debt house award, having underwritten almost 20% of the syndicated loan market in Egypt over the past year.
In addition to being the most active player, the bank was also central to some of the most important deals of the year. Calyon acted as mandated lead arranger in the largest deal of the year, the $976 million project finance deal for the Idku liquified natural gas plant.