Financial Institutions Group (FIG) with its diversified approach covers trade finance, cross-border allocation, fundraising, marketing products, clearing services, custody services and donor programs, through six divisions and a representative office in Dubai.
Contact Person
Amr El Ganainy
General Manager
Head of Financial Institutions Group
amr.elganainy@cibeg.com
Correspondent Banking Division
In today’s global banking world, Correspondent Banking is rapidly becoming more complex, competitive, and risky covering multiple dimensions of relationship banking. Financial institutions are using correspondents to expand their capabilities across countries, currencies and product lines, with the range of correspondents’ banking products expanding beyond traditional payments and trade finance.
Correspondent Banking is the point of contact for local and foreign banking and non-banking financial institutions in their cooperation with CIB. Our Team provides a variety of high quality banking services and products through strategic alliances set and strong and old relationship with other Banks and Financial Institutions around the world; in Africa, America, Asia, Europe, and Australia.
Contact persons:
Mounir Yassin
Director
Head of Correspondent Banking
mounir.yassin@cibeg.com
Emad Helmy
Director
Correspondent Banking
emad.helmy@cibeg.com
Mohamed Shams
Director
Correspondent Banking
mohamed.shams@cibeg.com
Global Securities Services Division
Global Securities Services is a leading provider of high quality securities services & products, ensuring customer satisfaction while maintaining our position as:
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The leading custodian Bank in the local market since 2000
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The sole sub-custodian for all EGYPTIAN DR programs
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The sole provider of trustee services in the Egyptian market
Contact Persons:
Mohamed Farag
Director
Head of Global Securities Services
mohamed.farag@cibeg.com
Tamer Kobaissy
Associate Director
Global Securities Services
tamer.kobaissy@cibeg.com
Non-Bank Financial Institutions Division
Non-Bank Financial Institutions provide services, products, and credit facilities to all types of FI other than banks, i.e. insurance, securities brokerage, car finance and leasing companies.
Contact Person:
Hisham Arnaout
Director
Head of non-bank Financial Institutions
hisham.arnaout@cibeg.com
Cross-Border Allocations Division
Cross-Border Allocations cover participation in syndications and discounting of trade paper related to financial institutions (banks and non-banks).
Contact Person:
Tamer El-Zant
Director
Cross Border Allocations Division
tamer.elzant@cibeg.com
Finance Programs & Int'l Donor Funds Division
A unique division under the FI Group, which extends exclusive and integrated management solutions and advisory services to International Donors and Agencies locally and regionally.
The overall objective of the division is to create sustainable Developmental Funds setting best practice standards in services provided to our clients. These Developmental Funds are known for their preferential and concessional terms and conditions, which create new job opportunities and increase income among the rural population with special emphasis on women and small farmers.
Moreover, we have penetrated the microfinance market with a wholesale approach and a direct approach through a Microfinance Service Company that provides an efficient and secure model, allowing the Bank to increase its out-reach into the Microfinance market. A new set of financial services and products will be introduced to the Microfinance sector in Egypt, supporting Microfinance Institutions.
Contact persons:
Kamel Sallam
Director
Head of Finance Programs & Int'l Donor Funds
kamel.sallam@cibeg.com
Khaled El Lithy
Associate
Finance Programs & Int'l Donor Funds Division
khaled.ellithy@cibeg.com
Representative Offices Division
The Dubai Based Representative Office is CIB's window to the GCC business and transactions taking place. It allows CIB to have access to various transactions in the syndicated market, Islamic Sukuk and trade related papers to FIs and corporates operating in the region. It also provides the opportunity to cheery pick investments on the equity side. The Representative Office has created strong relationships with CIB peers in the banking industry and with other reputable FIs. On the retail side, the Office focuses on a niche market, catering for the needs of the Egyptian community working in the UAE, by providing private banking services. It has also created a window for CI Capital advisory services arm, allowing them to market appealing Egyptian investments in the Region.
The Representative Office was established in 2005, and has created a reputation for CIB as a leader in the banking business in the MENA region.
Representative Office in Dubai
Address: Al Habai Building, Al Ittihad St., Deira.
P.O. Box. 103662 Dubai
Tel. +971 4 29 555 68/ Fax. +971 4 29 534 11
Contact persons:
Hossam Rageh
Director
Representative Office- Gulf Region
hossam.rageh@cibeg.com
Karim El Khadem
Associate Director
Dubai Representative Office
karim.elkhadem@cibeg.com
International Marketing & Strategic Agreements Division
The group provides a variety of high quality banking services and products to Non-Resident Egyptians (NREs) through strategic alliances set with Financial Institutions in several countries within the Egyptian community of higher densities.
Alongside, it also handles some of these institutions’ remittances of NREs (see the table below for references).
|
Italy |
Banca Popolare di Sondrio |
Remittance |
|
Unicredit |
Remittance |
|
KSA |
Al Rajhi Bank |
Strategic Alliance* |
|
National Commercial Bank |
Strategic Alliance* |
|
Arab National Bank |
Remittance |
|
Kuwait |
Al Muzini Exchange Company |
Remittance |
|
Bahrain Exchange Company |
Remittance |
|
Qatar |
Commercial Bank of Qatar |
Strategic Alliance* |
|
Al Jazeera Exchange Company |
Remittance |
|
Al Dar for Exchange Works |
Remittance |
|
UAE |
Abu Dhabi Commercial Bank |
Strategic Alliance* |
|
Al Fardan Exchange Company |
Remittance |
|
Al Ansari Exchange Company |
Remittance |
|
Al Rostomani International Exchange Company |
Remittance |
|
Al Ghurair Exchange Company |
Remittance |
|
Xpress Money Services Company |
Remittance |
*Strategic Alliance: CIB representatives are available in these countries to facilitate opening Saving and Current accounts, and Time Deposits.
Remittance services
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Credit to CIB account
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Cash pick up
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Credit to other banks
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Door to Door service
Contact persons:
Mohammad El Alayly
Director
Head of International Marketing & Strategic Agreements
mohammad.elalayly@cibeg.com