Regulation, Risk & Compliance
Retail Banking
Uncategorized
Egyptian lender CIB boosts provisions after central bank review
Commercial International Bank, Egypt's largest private bank, increased its loan loss provisions by 60% in the third quarter after a central bank review raised compliance concerns that led to the dismissal of its chairman. CIB had already taken large provisions this year because of the coronavirus pandemic, which wiped out…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Zawya