CIB Egypt: 5% of Our Correspondents present in Russia

Egypt’s biggest private-sector bank, the Commercial International Bank of Egypt (CIB-Egypt) has about 200 correspondents, of which 5% of them existing in Russia, the bank’s head of financial institution group Hossam Rageh said Tuesday.

He noted that the bank did not face any obstacles in the path of the Russian companies working in trade exchange sector with Egypt.

Moreover, the banking official added that CIB is the biggest private banks in Egypt with portfolio of 500 clients of high-profile and prominent clients and multinational corporations.