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Cairo International Bank

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Cairo International Bank

Cairo International Bank
Type Private
Industry Financial Services
Founded 1995
Headquarters 30 Kampala Road, Kampala, Uganda
Key people John Elangot
Chairman
Nabil Ghanem
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase US$550,000 (2008)[1]
Total assets US$30 million (2011) (Estimate)
Website Homepage

Cairo International Bank (CIB) is a commercial bank in Uganda. It is one of the twenty-two (22) banks licensed by Bank of Uganda, the national banking regulator.[2]

Overview

In December 2011 Cairo International Bank was a small retail bank, with total assets valued at approximately US$30 million. This asset valuation represents less than 1% of all bank assets in Uganda and ranks Cairo International Bank as the 20th largest commercial bank in Uganda, by assets, out of the 23 licensed commercial banks in the country at that time.[3]

History

Cairo International Bank began operations in 1995, after receiving a commercial banking license from the Bank of Uganda.[4]

Ownership

Cairo International Bank is a joint venture between several Egyptian banks and businesses, including: Banque Du Caire, Bank of Alexandria, National Bank of Egypt, Banque Misr and Kato Aromatics SAE. Kato Aromatics SAE is an Egyptian Company owned by Dr. Ibrahim Kamel, dealing in several businesses worldwide including developing an industrial park in Uganda.[5]

Cairo International Bank Stock Ownership
Rank Name of Owner Percentage Ownership
1 Banque Du Caire
2 Bank of Alexandria
3 National Bank of Egypt
4 Banque Misr
5 Kato Aromatics SAE
Total 100.00

Branch network

Cairo International Bank has its headquarters in Greenland Towers at 30 Kampala Road, Kampala, Uganda. As of September 2011, the bank maintains the following branches:[6]

  1. Main Branch - 30 Kampala Road, Kampala
  2. Kikuubo Branch - Kikuubo Road, Kampala
  3. Bugoloobi Branch - Spring Road, Bugoloobi, Kampala
  4. Kabalagala Branch - Ggaba Road, Kabalagala, Kampala

Directors

The bank is governed by a seven person Board of Directors. John Elangot, one of the non-Executive Directors is the Chairman of the Board

Management Board

The Managing Director of Cairo International Bank is Nabil Ghanem. He is assisted by nine other managers in supervising the normal operations of the bank. Nabil Ghanem together with Osama Darwish, another Executive Director, also sit on the Board of Directors.

See also

External links

  • Cairo International Bank Website
  • Bank of Uganda Website

References

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