Cairo International Bank
Encyclopedia
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.
and ranks Cairo International Bank as the nineteenth (19th) largest commercial bank
in Uganda
, by assets, out of twenty-two (22) licensed commercial banks in the country.
.
, 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
.
{| style="font-size:100%;"
|-
| width="100%" align="center" | Cairo International Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |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
|-
|}
, Uganda
. As of September 2011, the bank maintains the following branches:
. John Elangot, one of the non-Executive Directors is the Chairman of the Board
, also sit on the Board of Directors
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. It is one of the twenty-two (22) banks licensed by Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, the national banking regulator.
Overview
CIB is small retail bank, with an asset valuation of approximately US$24 million, as of May 2009. This asset valuation represents less than 1% of all bank assets in UgandaUganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
and ranks Cairo International Bank as the nineteenth (19th) largest commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
, by assets, out of twenty-two (22) licensed commercial banks in the country.
History
Cairo International Bank began operations in 1995, after receiving a commercial banking license from the Bank of UgandaBank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
.
Ownership
Cairo International Bank is a joint venture between several Egyptian banks and businesses, including: Banque Du CaireBanque du Caire
Banque du Caire, or "Bank of Cairo", is a full service bank headquartered in Cairo. The bank operates over 123 branches in Egypt. It has branches in Abu Dhabi, Dubai, Sharjah, Ras al Khaima in the United Arab Emirates and Manama in Bahrain, representative offices in Kiev, Ukraine and Harare,...
, Bank of Alexandria
Bank of Alexandria
The Bank of Alexandria is one of the largest banks in Egypt. It has a market share of almost 7% and had assets of 5.2 billion euros as of June 30, 2006. Intesa Sanpaolo is the major shareholder in the bank. It holds 70.25% of the bank shares, IFC holds 9.75% and the Egyptian Government holds 20%...
, National Bank of Egypt
National Bank of Egypt
- in arabic National Bank of Egypt is the oldest and largest bank in Egypt, and has 405 branches within the country, including 131 in Cairo. It has assets of L.E. 185.3 bn., total deposits of L.E. 155.2 bn., and total loans and advances of L.E. 83 bn...
, Banque Misr
Banque Misr
Banque Misr is an Egyptian bank founded by industrialist Talaat Pasha Harb in 1920.- Operations :The bank has branch offices in all of Egypt's governorates, and currency exchange and work permit offices for overseas workers in Egypt.Related organizations: Banque Misr presents long lists of its...
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
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
.
{| style="font-size:100%;"
|-
| width="100%" align="center" | Cairo International Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Banque Du Caire
Banque du Caire
Banque du Caire, or "Bank of Cairo", is a full service bank headquartered in Cairo. The bank operates over 123 branches in Egypt. It has branches in Abu Dhabi, Dubai, Sharjah, Ras al Khaima in the United Arab Emirates and Manama in Bahrain, representative offices in Kiev, Ukraine and Harare,...
||
|-
|2||Bank of Alexandria
Bank of Alexandria
The Bank of Alexandria is one of the largest banks in Egypt. It has a market share of almost 7% and had assets of 5.2 billion euros as of June 30, 2006. Intesa Sanpaolo is the major shareholder in the bank. It holds 70.25% of the bank shares, IFC holds 9.75% and the Egyptian Government holds 20%...
||
|-
|3||National Bank of Egypt
National Bank of Egypt
- in arabic National Bank of Egypt is the oldest and largest bank in Egypt, and has 405 branches within the country, including 131 in Cairo. It has assets of L.E. 185.3 bn., total deposits of L.E. 155.2 bn., and total loans and advances of L.E. 83 bn...
||
|-
|4||Banque Misr
Banque Misr
Banque Misr is an Egyptian bank founded by industrialist Talaat Pasha Harb in 1920.- Operations :The bank has branch offices in all of Egypt's governorates, and currency exchange and work permit offices for overseas workers in Egypt.Related organizations: Banque Misr presents long lists of its...
||
|-
|5||Kato Aromatics SAE||
|-
| || Total||100.00
|-
|}
Branch network
Cairo International Bank has its headquarters in Greenland Towers at 30 Kampala Road, KampalaKampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
, Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. As of September 2011, the bank maintains the following branches:
- Main Branch - 30 Kampala Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Kikuubo Branch - Kikuubo Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Bugoloobi Branch - Spring Road, BugoloobiBugoloobiBugoloobi, sometimes spelled as Bugolobi, is a location in Kampala, Uganda's capital and largest city.-Location:Bugoloobi is bordered by Nakawa and Mbuya to the north, Mutungo to the east, Kitintale and Luzira to the southeast, Muyenga to the south and southeast, Namuwongo to the west and Kampala's...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
Directors
The bank is governed by a seven person Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. John Elangot, one of the non-Executive Directors is the Chairman of the Board
Chairman of the Board
The Chairman of the Board is a seat of office in an organization, especially of corporations.Chairman of the Board may also refer to:*Chairman of the Board , a 1998 film*Chairmen of the Board , a 1970s American soul music group...
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 DirectorExecutive director
Executive director is a term sometimes applied to the chief executive officer or managing director of an organization, company, or corporation. It is widely used in North American non-profit organizations, though in recent decades many U.S. nonprofits have adopted the title "President/CEO"...
, also sit on the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
.