An Introduction

CIB's Stock

CIB first offered its shares to the public in 1995 and has since become the biggest stock on the EGX and the gateway to Egypt. Investors and analysts often view CIB as a proxy for the Egyptian economy, with the Bank acting as a mirror for the local banking sector: the near-term recovery is captured in the credit outlook, while the longer-term story of low financial penetration is captured in the expansion of retail banking.

CIB was the first Egyptian bank to offer its shares on international markets with a Global Depository Receipt (GDR) program on the London Stock Exchange in 1996. In 2001, CIB was yet again a first, this time being the first Egyptian bank to register its shares on New York Stock Exchange in the form of American Depository Receipts (ADR) Level 1 program.

In 2012, the Bank began trading on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading non-US companies listed on a qualified international exchange and providing their home country disclosure to US investors.

CIB has the highest weight (around 37.6%) in the EGX 30 index. With a free float ratio of 93% (the highest free float on the EGX 30), CIB is one of Egypt’s most liquid stocks and the most valuable financial institution with a market cap of 84.3 billion as of end-December 2016. CIB’s depository receipt program reached 384,582,396 shares as of year-end 2016.

The institutional shareholder structure of CIB by region is 6.85% UK and Ireland, 57.46% North America, 4.35% Europe, 13.13% Gulf, 13.53% Africa and 4.69% rest of the world.

CIB continuously works toward increasing value created for stakeholders. The Bank maintains a proactive investor relations program to keep shareholders abreast of developments that could have had an impact on the Bank’s performance. The Investor Relations team and senior management invest significant time in one-on-one meetings, road shows, investor conferences, conference calls and a proactive stream of disclosures while simultaneously ensuring analysts have the information they needed to maintain balanced coverage of the Bank’s shares. During 2016, CIB Investor Relations took part in 12 national and international investor conferences in the UK, US and Gulf with the participation of senior management, in addition to 252 one-on-one meetings with 427 international investment funds. CIB hosted several conference calls throughout the year, bringing its senior management together with the investor community in 2016, and held presentations on its financial results four times during the year. It also conducted presentations on its operating plan that described its future projections.

Regular updates and releases along with the presentations were posted on the Investor Relations website for the convenience of the Bank’s investors from around the world, giving them easy access to all the information they need.

As a result of the team’s conscious efforts to boost corporate access, in a 2016 Middle East Investor Relations Study carried out by Extel in partnership with the Middle East Investor Relations Society (MEIRS), CIB was named the “Leading Corporate for Investor Relations in Egypt,” while the head of Investor Relations also received a nod as the “Best Investor Relations Professional – Egypt”. This is the third year running in which CIB has received at least one award from MEIRS.

Symbols and Codes

Egyptian Stock Exchange (EGX)

Symbol: COMI

London Stock Exchange (LSE)

Symbol: CBKD

New York Stock Exchange (NYSE)

Symbol: CIBEY

Equity Analysts Ratings

CIB is widely covered by leading research houses both domestically and internationally. In 2016, 15 institutions regularly issued research reports on CIB. As of the end of 2016, 6 analysts held Buy, 5 analysts held Hold and 4 analysts held Sell recommendations on CIB.

Equity Analysts Ratings

Key Indicators

1,154 mn
Outstanding Shares
EGP 10.00
Par Value
1:1
GDR Convertibility
EGP 84.3 bn
Largest Market Cap
37.6 %
Highest Weight in EGX 30
4.56 EGP
Earnings per Share *

* EPS calculation is based on standalone financial statements.