Commercial International Bank Egypt (CIB), Egypt’s leading private sector bank, is pleased to announce today that the bank has obtained the ISO 22301-2012 certification covering all the bank’s functions and acknowledging CIB’s full adoption of the Business Continuity Management System developed by the International Organization for Standardization (ISO).
ISO 22301 certification was awarded to CIB by the PECB, a global provider of training, examination, audit, and certification standards, in partnership with EGYBYTE, a leader in the MENA market for IT Service Management.
ISO 22301 is the International Standard for Business Continuity Management, providing guidance to certified organizations and allowing them to identify and manage current and potential threats to the business. The certification recognizes an organization’s proactive approach to curtailing the impacts of incidents, minimizing downtime, improving recovery time, and demonstrating resilience to customers and suppliers.
“ISO certification is a major recognition of CIB’s efforts on the business continuity front,” said Shatssy Hassan, CIB’s Chief Security Officer. “CIB’s ISO certified Business Continuity Management System has left the bank in a position to effectively limit the risk of unexpected incidents, therefore; allowing the Bank to operate during tough situations, reduce the likelihood of operational disruptions and continue to provide customers with the expected services while maintaining the highest levels of customer experience.”
“CIB’s efforts in the area of business continuity have a long history of achievements”, said Shatssy Hassan. “We started enforcing Business Continuity Standards almost nine years ago, and we were the first Egyptian bank to adopt such practices. We also received several awards from reputable International Business Continuity institutions. Today we have a robust Business Continuity Management system in place to effectively and efficiently manage any potential business disruptions, minimize downtime, shorten recovery time, and demonstrate our organizational resilience.”
CIB’s adoption of ISO 22301 standard ensures that, even when faced with challenging situations, CIB will be able to provide customers with the level of service they have come to expect while continuing to create value for its shareholders.