COMMERCIAL INTL BANK-ADR Business Summary

Commercial International Bank-Egypt (CIBEY) operates as the largest private-sector bank in Egypt, generating revenue primarily through net interest income from its lending activities and transaction-based fees from its diversified financial services. The company’s operations are organized into four core business segments: Corporate Banking, which serves over 500 of Egypt’s largest corporations and represents the bank's largest revenue driver; Retail Banking, focusing on personal loans, mortgages, and credit cards for over two million customers; Investment Banking, providing M&A advisory and capital market services; and Asset & Liability Management. As of July 2026, CIBEY maintains a dominant market position as the preferred proxy for the Egyptian economy, competing directly with state-owned giants National Bank of Egypt and Banque Misr, as well as regional players like QNB ALAHLI. It distinguishes itself through a superior digital banking infrastructure and a high-density branch network of over 215 locations across Egypt, Kenya, Ethiopia, and the UAE. Hisham Ezz Al-Arab serves as the Chief Executive Officer, having been reappointed in March 2026 to a three-year term; he is credited with transforming the institution from a wholesale lender into a multi-billion dollar private-sector leader over his 40-year career. The leadership team includes Nevine Sabbour, the first woman to serve as Non-Executive Chair, alongside Deputy CEO Amr El-Ganainy and Group CFO and Operations Officer Islam Zekry. The bank was originally founded in 1975 as Chase National Bank, a joint venture between the National Bank of Egypt and Chase Manhattan. Today, its board features representatives from strategic institutional investors, most notably Alpha Oryx Limited (a subsidiary of Abu Dhabi-based Lunate) and Prem Watsa’s Fairfax Financial Holdings, which maintain significant minority stakes alongside a 70% free float on the Egyptian Exchange and international ADR listings.