Cairo, October 16, 2023- CIB, Egypt’s leading private-sector bank, has been named “Best Bank in Egypt” for SMEs by Euromoney in its annual Awards for Excellence. This award demonstrates CIB’s innovative and unique solutions for SMEs that have significantly transformed customer experience, cementing the bank’s position as a bank of choice for SMEs.
CIB was chosen by a specialized jury that includes reputable analysts, consultants, and economists who recognized the bank’s exceptional performance, ability to apply governance principles, adapt to customers changing needs, and provide innovative solutions. The bank offers a variety of credit facilities specifically tailored to meet the needs of its growing SME customer base. As a result of CIB’s financial and non-financial offerings specifically for SMEs, the bank’s customer base has grown to over 85,000 clients.
The bank launched its first alternative lending program targeting small businesses. CIB is the first Egyptian bank to launch the supply chain financing program, allowing SME customers instant access to their funds. Additionally, the bank’s Business Banking team launched “Growing Together” initiative, providing companies with non-financial services offered within the bank’s business solutions program at discounted prices that may reach up to 80%.
Commenting on the award, Mr. Hany El Dieb, Head of SME Business at CIB, said, “This exceptional accolade underscores CIB’s commitment to providing SME solutions designed according to their business needs segments. Winning this award for the second consecutive year confirms CIB’s commitment to providing distinguished and innovative services to keep up with market developments and meet customers’ expectations. CIB is considered the preferred choice for small and medium-sized companies seeking to grow and expand in the market to achieve their business goals, as the bank provides appropriate financial solutions to meet the needs of these companies, including simple credit facilities, various banking services, and cash management services.”
CIB was chosen by a specialized jury that includes reputable analysts, consultants, and economists who recognized the bank’s exceptional performance, ability to apply governance principles, adapt to customers changing needs, and provide innovative solutions. The bank offers a variety of credit facilities specifically tailored to meet the needs of its growing SME customer base. As a result of CIB’s financial and non-financial offerings specifically for SMEs, the bank’s customer base has grown to over 85,000 clients.
The bank launched its first alternative lending program targeting small businesses. CIB is the first Egyptian bank to launch the supply chain financing program, allowing SME customers instant access to their funds. Additionally, the bank’s Business Banking team launched “Growing Together” initiative, providing companies with non-financial services offered within the bank’s business solutions program at discounted prices that may reach up to 80%.
Commenting on the award, Mr. Hany El Dieb, Head of SME Business at CIB, said, “This exceptional accolade underscores CIB’s commitment to providing SME solutions designed according to their business needs segments. Winning this award for the second consecutive year confirms CIB’s commitment to providing distinguished and innovative services to keep up with market developments and meet customers’ expectations. CIB is considered the preferred choice for small and medium-sized companies seeking to grow and expand in the market to achieve their business goals, as the bank provides appropriate financial solutions to meet the needs of these companies, including simple credit facilities, various banking services, and cash management services.”