Strategy

Egyptian Bank Launches HNW Service

Wendy Spires Deputy Editor 23 December 2009

Egyptian Bank Launches HNW Service

Egypt’s Commercial International Bank, which was established in 1975 as a joint venture between the National Bank of Egypt and the Chase Manhattan Bank, has launched a new wealth management service for clients with account balances of EGP£500,000 (around $91,000) or its currency equivalent.

CIB said it aims to boost and strengthen its relationships with high net worth individuals and established CIB Wealth to enhance the service given to these clients.

Along with being provided with a dedicated wealth manager, CIB Wealth clients will also be offered priority service in all the bank’s branches and access to a “wealth teller” supporting a range of financial services. New exclusive services are also planned for launch soon, the bank said.

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