Press Release Concerning CITI Bank Offered Retail

RNS Number : 6856K

Commercial Intnl Bank (Egypt) SAE

20 April 2015

 



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Cairo, April 20^th , 2015 - Based on the Board delegation to the management which was previously communicated on April 2^nd 2015, the management decided to submit a binding offer to acquire CITI Bank's offered retail portfolio.

There can be no assurance that submitting the offer will result in any specific transaction, and it is possible that no transaction will occur. 

Accordingly, the Bank will inform the market of any new material event that result from this process.

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