Cairo International Bank

Cairo International Bank
Private
Industry Financial Services
Founded 1995
Headquarters 30 Kampala Road
Kampala, Uganda
Key people
 John Elangot,
chairman
Kassim Nakibinge,[1]
managing director
Products Loans, checking, savings, investments, debit Cards
Revenue Increase US$718,000 (UGX:1.86 billion) (2011)[2]
Total assets US$30 million (2011) (Estimate)
Number of employees
 136+ (2014)
Website Homepage

Cairo International Bank (CIB) is a commercial bank in Uganda. It is one of the financial institutions licensed by the Bank of Uganda, the central bank and national banking regulator.[3]

Overview

In December 2011, Cairo International Bank was a small retail bank, with total assets valued at approximately US$30 million. This asset valuation represented less than one percent of all bank assets in Uganda and ranked Cairo International Bank as the twentieth largest commercial bank in Uganda, by assets, out of the 23 licensed commercial banks in the country at that time.

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 owned by Ibrahim Kamel, dealing in several businesses worldwide including developing an industrial park in Uganda.[5]

Cairo International Bank Stock Ownership
Rank Name of OwnerPercentage Ownership
1Banque Du Caire
2Bank of Alexandria
3National Bank of Egypt
4Banque Misr
5Kato Aromatics SAE
Total100.00

Branch network

Cairo International Bank has its headquarters in Greenland Towers at 30 Kampala Road, Kampala, Uganda's capital city. As of May 2014, the bank maintained 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
  5. Bweyogerere Branch - Bweyogerere, Kira Town

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

References

  1. ↑ Tajuba, Paul. "I will clean up Cairo Bank, says Nakibinge". Daily Monitor. Kampala. Retrieved 18 February 2016.
  2. ↑ Kagenda, Patrick (6 April 2014). "East Africa: Cairo Bank Stand-Off". The Independent (Uganda) via AllAfrica.com. Retrieved 1 May 2014.
  3. ↑ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015.
  4. ↑ History of Cairo International Bank
  5. ↑ "Shareholders of Cairo International Bank". Cairo International Bank. Retrieved 1 May 2014.
  6. ↑ "Branches of Cairo International Bank". Cairo International Bank. Retrieved 1 May 2014.

External links

This article is issued from Wikipedia - version of the Friday, February 19, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.