- CIB has partnered with ABGAD, an FRA-licensed education-focused platform, to provide comprehensive financial solutions for educational institutions, streamlining tuition fee collection and enhancing cash flow management.
- This partnership exemplifies CIB’s commitment to promoting cashless transactions and delivering innovative financial solutions, improving the educational experience for students and their families.
Widely recognised as Egypt’s leading corporate bank, CIB serves a diverse range of enterprises, from industry-leading corporations to medium-sized businesses. Combining global product knowledge with local expertise and substantial capital resources, CIB is a prominent industry leader in project finance, syndicated loans, securitisation, bond issuance, and structured finance. The bank excels in facilitating market access for major borrowers, offering world-class services with exceptional turnaround times.
As a local player committed to upholding internationally acclaimed standards, CIB actively engages in selective direct investment opportunities in Egypt and throughout the region, maximising returns on investment.
Streamlining tuition fee collection and cash flow management
CIB, Egypt’s leading private-sector bank, has entered into a partnership with ABGAD, an Egyptian Financial Regulatory Authority (FRA)-licensed platform focused on education, to provide comprehensive financial and non-financial solutions tailored for educational institutions.
Through this collaboration, ABGAD offers schools a range of solutions designed to streamline tuition fee collection and assist with cash flow management. Their streamlined approval process ensures that families can access convenient and flexible tuition fee installment plans.
This partnership enhances the tuition collection process by offering robust digital payment solutions. Parents can now make payments directly to educational institutions via ABGAD’s user-friendly platform, reducing the need for branch visits and cash transactions. Additionally, schools will benefit from CIB’s diverse financing programs and solutions.
Commitment to cashless transactions and innovative financial solutions
CIB’s partnership with ABGAD exemplifies the bank’s commitment to promoting cashless transactions and delivering customised financial solutions that improve the educational experience for students and their families.
Mr. Yasser Abdella, Deputy CEO of Retail Banking at CIB, commented, “We are pleased to be partnering with ABGAD, as this partnership underscores CIB’s commitment towards cashless society and providing clients with unique SME solutions.”
Mrs. Yasmine Mowafy, Co-founder of ABGAD, added, “Very excited that Egypt’s premier bank, CIB, has chosen Abgad to partner with. Together, Abgad and CIB are working to provide payment solutions and enhanced financial services for educational institutions using fintech to power Egypt’s educational future.”
About Commercial International Bank Egypt
CIB is Egypt’s foremost private-sector bank, providing a comprehensive suite of financial products and services to a diverse clientele, including more than 500 of Egypt’s largest corporations, businesses of all sizes, institutions, and households. Its strong brand and growth in the retail and small-to-medium-sized enterprise (SME) banking segments have continuously attracted new customers. Consequently, CIB has maintained its position as the most profitable commercial bank in Egypt for over four decades.
