When CIB acquired 100% of CI Capital in the first half of 2008, the aim was to create the country’s most comprehensive banking and financial services group offering a total financial solution from credit cards to IPO’s, the most complex of M&A deals and everything in between under one roof.
Such a move was in many ways and on its own merits (even before the recent global market meltdown) a natural progression for the CIB group to consolidate its position as THE FINANCIAL PARTNER OF CHOICE in Egypt, with its solid base and undisputed leading position as the best private bank in Egypt and the leader in corporate banking, providing the perfect platform to extend the coverage to include full fledged Investment Banking services. Today, CI Capital is uniquely positioned as the only Investment Banking firm that is wholly owned by a strong commercial bank with a brand equity that translates integrity and quality of service, such an unrivaled platform points the way to becoming the number one investment bank in the country and one of the leading regional players over the coming few years.
The synergies derived from this acquisition are evident and the considerable benefits that arise from being able to leverage on the already well established operational and technical platform of the CIB as well as its considerable financial and relationship resources ultimately delivered to our clients both in Egypt and abroad an uncompromising top quality investment banking services across the board in Securities Brokerage, Asset Management, Investment Banking Advisory, Private Equity and Research. At CI Capital, same as at the CIB, we covet relationships and we strive for excellence.
ESSAM EL WAKIL