Commercial International Bank (CIB) launched "CIB Wealth" proposition which provides a number of distinguished services, tailored especially to clients with account balances above EGP 500,000 or its equivalent in foreign currencies.
On this occasion, the Bank held a press conference at the Four Seasons Hotel which was attended by Mr. Hisham Ezz Al-Arab, Chairman and Managing Director, together with Mr. Mohamed El-Toukhy, CEO Consumer Banking, Mr. Hisham Khairat, Liabilities, Investments, Bancassurance, and Wealth Management Director, and Mr. Ashraf Shabib, Director Head of Branches Network.
Mr. Hisham Ezz Al-Arab stated that CIB now provides exclusive banking services to clients through "CIB Wealth", out of a strong desire to boost and strengthen its relationships with this distinguished category through an array of banking products that can grow their wealth.
CIB established CIB Wealth to deepen the "priority" concept in providing services to its distinguished clients, through an integrated qualified team of selected cadres, "Wealth Managers", with expertise in investment and other banking fields and who are certified with the world's most exclusive finance certification "ICFA" by the "Investments & Securities Institute - London".
Wealth managers provide their service bouquet to CIB Wealth clients in an extremely private and secluded atmosphere in special lounges inside CIB branches, which have been tailor-made to fulfill the diverse needs of CIB's high net-worth clients. CIB Wealth clients will receive this fast and exclusive priority service in all bank branches nationwide.
In addition to the existence of a dedicated Wealth Manager for every client, a bouquet of financial services will be offered including a dedicated "Wealth teller" ready to serve CIB Wealth clients in all diverse banking financial operations. This is in addition to CIB's permanent commitment to develop and introduce new exclusive services; to be launched soon.
CIB is Egypt's pioneer financial and banking institution in terms of financial solvency and wide client base, with strict adoption of utmost transparency, governance and internal control standards.
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About Commercial International Bank
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 its original name 'Chase National Bank of Egypt'. Following Chase's decision to divest its equity stake in 1987, National Bank of Egypt increased its shareholding to 99.9%, and the Bank changed its name to Commercial International Bank (Egypt) S.A.E. CIB now stands at a 5% market share in loans (public banks included), with plans for increasing this share to 10%, cross-border expansion, stock listing and regional presence. CIB remains to be focused on human capital acquisition and retention, core corporate culture and values, and integrating its synergies as Egypt's leading financial service conglomerate offering premier quality to its customers while maximizing shareholders' value.
For further information please contact:
Salah El Din Aloui
Media Relations Manager
Promoseven Weber Shandwick
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E-Mail: salah@promoseven.com
Yousra Genena
Media Relations Executive
Promoseven Weber Shandwick
Tel: +2 02 3047215 - 17
Fax: +2 02 3047213
Mob: +2 012 3011205
E-mail: Yousra.Genena@promoseven.com
© Press Release 2009
