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Non-performing loans at CIB Egypt retreated by 10% in December 2015, compared to September 2015, where they registered EGP 2.
As CIB head, White will oversee debt and stock underwriting, corporate loans, project finance and M&A advisory activities.
Gilles de Dumast, Deputy General Manager of Credit Agricole CIB and global head of Coverage and Investment banking stated, "The Middle East and Africa region has a strategic importance, not only for Credit Agricole CIB but also to the Credit Agricole group.
According to a statement by CIB on Sunday, the agreement aims to provide credit facilities worth e1/460m provided by AFD in order to finance climate-benefiting projects, particularly in the renewable energy sector.
This new CIB is centred on two client franchises, corporates and institutionals.
CEO of AmCham Sylvia Menassa said in a statement that the CIB has been leading and implementing significant energy efficiency initiatives, which have inspired other organisations to follow suit.
This minority stake is fully in line with the open innovation strategy of Crdit Agricole CIB and more broadly the Crdit Agricole Group strategy.
Sberbank CIB is the corporate and investment banking business of Sberbank.
Credit Agricole CIB, a unit of France's Credit Agricole S.
We shall persist in protesting for one thousand times against a CIB grounding essentially aimed at forestalling trash-disposal tender attractions, activists added.
CIB added that it has asked Al Ahly Capital, a subsidiary of National Bank of Egypt, to sign a non-disclosure agreement and present a non-binding offer.
On August 24, CIB announced that it had agreet to buy the business.
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