Professional
Added to YB: 2024-03-14
Pitch date: 2024-03-09
CIBEY [bullish]
Commercial International Bank (Egypt) S.A.E.
+45.99%
current return
Author Info
No bio for this author
Company Info
Commercial International Bank (Egypt) S.A.E. provides financial products and services in Egypt. The company operates in four segments: Corporate Banking, Investment, Retail Banking, and Assets and Liabilities Management.
Market Cap
EGP 231.1B
Pitch Price
EGP 79.80
Price Target
N/A
Dividend
0.72%
EV/EBITDA
N/A
P/E
7.50
EV/Sales
N/A
Sector
Banks
Category
value
Fairfax Financial Portfolio Holding: Commercial International Bank - $CIBEY
CIBEY: Strong 2023 with >40% ROE, ~8% NIM, 230% loan-loss coverage. Provisions adjust, P/B <2x. Book value & EPS compounding nearly 20% p.a since 2014. Fairfax's major CIB stake gains amid stable EGP; USD net profit doubled, market cap $7B, forward P/E 6x. Asset sales key for Egypt's debt, Hisham Ezz Al-Arab returns as Chair.
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