Professional
Added to YB: 2024-03-14
Pitch date: 2024-03-09
CIBEY [bullish]
Commercial International Bank (Egypt) S.A.E.
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
N/A
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.
Read full article (1 min)