Egypt’s Commercial International Bank (CIB) is stepping up its support for the digital economy by committing up to EGP 2 billion to the upcoming share offering of MNT-Halan.
- Strategic Investment: CIB will purchase shares in the international tranche of MNT-Halan’s planned listing on the Egyptian Exchange.
- Sector Support: This move highlights CIB’s dedication to boosting non-bank financial services, which are vital for the local economy.
- Long-term Partnership: MNT-Halan’s leadership welcomes the move, noting that CIB has been a trusted partner for over 15 years.
- Proven Track Record: MNT-Halan has served 7.9 million customers and provided EGP 178 billion in financing to date.
This partnership strengthens the bond between traditional banking and the future of tech-enabled finance in Egypt.