CIB was established in 1975 as a joint venture between Chase Manhattan Bank and the National Bank of Egypt. In 2023, it had 193 branches and 15 units. The bank has a customer base exceeding 2.1 million. CIB also has a presence in Africa through its subsidiaries, including Mayfair-CIB Bank in Kenya, where the bank acquired its remaining 49% stake for $40 million in January 2023 and rebranded it to CIB Kenya Limited. Alpha Oryx Limited—a subsidiary of the U.A.E.’s ADQ—owns an 18.37% stake in the bank. CIB’s net profits jumped by 83.5% in 2023 to $619 million.