الرئيسية / الوظائف / 4627 مشاهدة10 أبريل 2021


وظائف بنك CIB - STJEGYPT



وظائف بنك CIB - STJEGYPT

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Work Type : Full Time
Experience : 0-1 Years




Gender : male and female
Location: cairo
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History
 
 
​​Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (51%) and the Chase Manhattan Bank (49%) under the name Chase National Bank of Egypt. Following Chase decision to divest its equity stake in 1987 National Bank of Egypt (NBE) increased its shareholding to 99.9% and the Bank changed its name to Commercial International Bank (Egypt) S.A.E. NBE stake gradually decreased through several public offerings till it reached 18.7%. In 2006 a Consortium led by Ripplewood Holdings acquired the NBE stake. In July 2009 Actis a leading emerging markets private equity firm invested US$ 244 million to acquire shares in CIB. Hence Actis acquired 50% of the stake held by the Consortium led by Ripplewood Holdings. Five months later Ripplewood sold its remaining position of 4.7% in CIB through the open market. This move marked the successful transition of a strategic partnership to be with Actis who then became the largest shareholder in CIB with a 9.1% stake. In March 2014 Actis sold a portion of its holding in CIB representing 2.6% of the Bank total outstanding shares in the open market to a group of international investors. Later in the year Actis has successfully realised its investment in Commercial International Bank (CIB )and has sold its remaining 6.5% to Subsidiaries wholly-owned by Fairfax Financial Holdings Ltd (Fairfax) in May 2014.​

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