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Cairo International Bank
Type Private
Founded 1995
Headquarters 30 Kampala Road, Kampala, Uganda Uganda
Key people John Elangot, Chairman
Nabil Ghanem, Managing Director
Industry Financial Services
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue US$550,000 (2008)[1]
Total assets US$24 million (2008)[2]
Website http://www.cairointernationalbank.co.ug

Cairo International Bank (CIB) is a commercial bank in Uganda. The bank is involved in all aspects of commercial banking, providing services to large multinationals, medium-sized businesses, small enterprises, retail businesses and individuals. As of May 2009, Cairo International Bank is the 19th largest commercial bank in Uganda with an asset valuation of approximately US$24 million. This asset valuation represents less than 1% of all bank assets in Uganda.[3]

Contents

[edit] History

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

[edit] 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

[edit] Branch network

Cairo International Bank has its headquarters in Greenland Towers at 30 Kampala Road, Kampala, Uganda. As of February 2009, the bank has no other branches in Uganda

[edit] 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

[edit] 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.

[edit] See also

[edit] External links

[edit] References




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