CIB Finance Company (CIFC), a subsidiary of the Commercial International Bank Egypt (CIB), has achieved strong performance since launching commercial operations in April 2024, with its factoring portfolio surpassing EGP 4.1bn and outstanding balances reaching approximately EGP 2.07bn in Q2 2025.
These results highlight the company’s solid operational performance and ability to meet rising demand for innovative, flexible financing solutions that keep pace with economic developments, particularly in supporting small and medium-sized enterprises (SMEs).
“The launch of CIB Finance reflects our forward-looking vision to build a fully integrated financial institution—one that goes beyond traditional banking to meet clients’ diverse financing needs through specialised and flexible channels,” said Rashwan Hammadi, Non-Executive Chairman of CIFC. “We believe that sustainable economic growth is closely tied to the availability of diversified financing solutions that empower all business segments, especially SMEs, enabling them to expand, boost production, and generate long-term employment opportunities.”
Hammadi added that CIFC’s rapid results demonstrate “sound planning, strong execution, and genuine market demand for alternative financing services.” He affirmed the bank’s commitment to supporting the subsidiary with all necessary resources to position it as a leading player in Egypt’s non-banking financial services sector.
Commenting on the company’s early achievements, Ahmed El-Khouly, Chief Executive Officer and official spokesperson, said: “We are proud of what we have accomplished in such a short time, proving our ability to expand rapidly and efficiently in a competitive market. Our mission is to close the financing gap that many businesses face at different stages of their growth, offering tailored solutions aligned with their cash flows and sector-specific needs.”
He added: “At CIFC, we operate with a modern vision and a client-centric strategy, leveraging CIB’s expertise while focusing on innovation, speed, and accessibility. Our aim is not only to deliver strong financial results but also to act as a true partner in business growth and contribute to long-term economic sustainability.”
CIFC is now broadening its portfolio of services to include Supply Chain Finance, enabling companies to better manage their working capital and supplier obligations. In 2025, the company plans to launch a fully integrated digital platform to provide clients with seamless online access to its financing solutions. New financial products are also in the pipeline, reflecting its commitment to expanding and enhancing integrated offerings.
Established in June 2022, CIB Finance was created as a specialised company focusing on factoring and real estate financing, serving as a strategic arm of CIB in the non-banking financial services sector. The initiative aligns with the bank’s wider strategy of building a comprehensive financial ecosystem that improves access to finance and supports Egypt’s financial inclusion and sustainable development goals.
Looking ahead, the company is pressing forward with its expansion strategy by introducing new products, strengthening partnerships, and targeting a wider range of clients, consolidating its position as a key player in Egypt’s non-banking financial services market.
