Finance Egypt’s largest private bank gets $150m capital top-up By Pramod Kumar November 17, 2023 Unsplash.com The EBRD loan will improve Commercial International Bank’s ability to weather external economic shocks The European Bank for Reconstruction and Development (EBRD) will provide a $150 million subordinated loan to Commercial International Bank (CIB), Egypt’s largest private bank, to shore up its capital base. The facility will strengthen CIB’s Tier II capital, bolster its growth prospects and improve its ability to weather external economic shocks, EBRD said in a statement. Egypt inflation eases on lower food prices Egypt must weigh up finance woes with key role in conflict Development bank backs Egyptian entrepreneurs The subordinated loan will reinforce CIB’s overall capital base and support the stability of Egypt’s systemically important market player, EBRD First Vice President Jürgen Rigterink said. CIB chairman Hisham Ezz El Arab added that the loan will support the bank’s growth plans, unlocking numerous opportunities in the Egyptian market. Since 2012, the EBRD has invested more than €11 billion ($11.93 billion) in 169 projects in Egypt, with almost 80 percent of its portfolio in private sector projects.