Cairo - Mubasher: The Commercial International Bank-Egypt (CIB) has received approval from the Central Bank of Egypt (CBE) to commence due diligence on HSBC’s retail banking portfolio.
It is worth noting that there is no certainty this review will lead to a transaction, and it remains possible that no deal will materialize, according to a bourse filing.
During 2025, CIB delivered 49% higher consolidated net profits after tax at EGP 82.25 billion, compared with EGP 55.25 billion in 2024.
