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Commercial International Bank Ltd. ADR (CIBEY)

- OTCQX
  • Feb. 28, 2011, 2:12 PM
    Egypt's stock exchange is scheduled to reopen tomorrow. An initial surge in EGPT after the bourse's close discounted a massive rally in Egyptian shares, but the ETF has given back most of those gains, and regulators now worry about panic selling once trading reboots in Cairo. Today, EGPT -5.7%.
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  • Feb. 11, 2011, 7:21 AM
    Mohamed ElBaradei urges the army to intervene, saying Egypt will "explode" after Hosni Mubarak makes clear he intends to remain President until Fall elections. CDS on Egyptian debt jump more than 10%. Egyptian shares trading in London plummet.
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  • Feb. 7, 2011, 12:39 PM
    Demonstrators are unpersuaded to leave Cairo’s Tahrir Square despite government assurances of free elections within a month. Other concessions: the release of political prisoners and easing of media restrictions. EGPT +3.1%. Commercial International Bank CIBEY.PK +5.9%.
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  • Feb. 7, 2011, 8:31 AM
    Officials announce February 13 as the reopening date for the Egyptian stock market which has been closed since January 27. In London trading, Commercial International Bank (CIBEY.PK) is +5.8%. Premarket: EGPT +0.3%.
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  • Feb. 2, 2011, 11:03 AM
    Concern over whether unrest in the country leaves Egypt unable to support the banking system leads to a downgrade of its banks by Moody's. The agency also downgrades Egypt's debt to Ba2. Commercial Int'l Bank (CIBEY.PK -4.6%). EGPT -5.7%.
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Company Description
CIB is the leading private sector bank in Egypt, offering a broad range of financial products and services to its customers, which include enterprises of all sizes, institutions, households and high-net-worth (HNW) individuals. In addition to traditional asset and liability products, CIB offers... More
Sector: Financial
Country: Egypt