Executive Committee

The Committee shall act in the best interests of the Bank and its shareholders, while ensuring abidance on the direction and decisions of the Board of Directors. The Executive Committee is responsible to execute the strategy of the bank, which has been approved by the Board. In performing its duties, the Executive Committee will be guided by the bank’s mission and vision statements. The committee adheres to the highest governance standards and ensures compliance with regulatory and internal CIB policies.

Chair: Mr. Hussein Abaza - CEO & Managing Director

Members: CIB Senior Management

The High Lending and Investment Committee (HLIC)

The Committee’s purpose is to have oversight and approve all IB lending and Direct Investment transactions’ (cases’) at thresholds and exceptions determined by the Bank’s Policies approved by the Board of Directors’ (BoD). HLIC is the authority responsible for appointing the members and monitoring the decisions & performance of the other Credit Committees in the Bank.

Chair: Mr. Hussein Abaza - CEO & Managing Director

Members: CIB Senior Management

Non-Performing Loans & Investments Committee

The Committee’s purpose is to manage and approve Institutional Banking (IB) Non-Performing Accounts (RR 8 – RR 10), Involuntary Investments and Written Off exposures for both IB and Business Banking (BB) and Consumer Banking accounts.

Chair: Mr. Hussein Abaza - CEO & Managing Director

Members: CIB Senior Management

The Management Risk Committee

The Committee is responsible to implement an effective risk management framework and provide oversight of the Bank’s spectrum of risk-taking activities, encompassing financial risks including credit, market, liquidity, interest, investments as well as other core risks such as operational, third-party, technology, reputation, strategic, model and social & environmental as part of the overall Enterprise Risk Management strategy in order to create a forward-looking Risk approach, coupled with a strong Risk Culture, and a robust IMMMR (identification, measuring, managing, monitoring and reporting), and in compliance with both local regulations and international best practice.

Chair: Mr. Hussein Abaza - CEO & Managing Director 

Members: CIB Senior Management