Over the past 15 years, the Commercial International Bank-Egypt (CIB) has solidified its commitment to the betterment of Egypt through a dynamic corporate social responsibility (CSR) program. As one of the Egyptian leading private sector bank, CIB-Egypt has institutionalized its dedication to the Egyptian community through launching CSR initiatives, sponsoring major events on national and international levels, in addition to special projects led by the CIB Foundation, all with the aim of generating a profound, positive impact on society.
CIB-Egypt defines CSR in Egypt. Its initiatives and programs, that span fine arts, music, social care, and sports, have a sustainable, positive impact on the lives of its community, by encouraging active participation in society and nurturing talent of the youth population. CIB-Egypt has implemented numerous projects specifically for underprivileged children and those with special needs, including cultural trips for public school students to Cairo Opera House, and entertainment trips to the edutainment city of Kidzania and Zawya Cinema House.
CIB's CSR agenda has dedicated priority to children with autism and other disabilities, supporting their integration into society. In 2016, CIB continued to sponsor the activities led by the ADVANCE Society for Persons with Autism and Other Disabilities, and supported the World Autism Awareness Day (WAAD) in Egypt, which witnessed the participation of more than 75 organizations specialized in the provision of services to those with learning disabilities and autism across the country.
Believing that sports are integral to shaping the minds and health of Egyptian youth, the Bank has expanded its efforts to include less fortunate children by launching the "Squash for Everyone" initiative in partnership with Egyptian Squash National Teams Director & Technical Advisor Amr Shabana. The initiative, supported by CIB Foundation and held in association with the Egyptian Red Crescent and Logain Foundation, aims to give underprivileged children and those with special needs access to sports facilities enabling them to explore and develop their athletic capabilities.
The Bank's CSR initiatives include identifying distinctive art talent throughout Egypt. This is reflected in the Bank's exclusive sponsorship of the annual Egyptian Youth Salon, Upper Egypt Salon, and the second edition of Cairo Symposium for Carving Iron Scrap. CIB continues to pave the way for more art students to realize their talents and receive adequate recognition by supporting students of Fine Arts Faculties.
Another significant CSR milestone is CIB's ongoing support to the country's strategic initiatives and major projects, through sealing important partnerships, including its successful partnership with the American University in Cairo (AUC). This collaboration aims to support entrepreneurship in Egypt, through the formation of the AUC Venture Lab FinTech Accelerator. AUC Venture Lab is a platform whose purpose is to bridge the gap between the financial services sector and the emerging entrepreneurial ecosystem to encourage new startups in the FinTech space. This accelerator program boosts the productivity of the untapped segments of FinTech with the ultimate goal of increasing financial inclusion in the economy.
Integral to the Bank's CSR initiatives is its commitment to Egypt through support of important international events. In February, CIB-Egypt was the main sponsor of Egypt's installation "100% Egyptian Cotton" exhibition featuring the country's best emerging designers in the International Fashion Showcase (IFS) 2017. Egypt was the only Arab country to be represented at the IFS, and "100% Egyptian Cotton" was the most-visited exhibit at the event with over 10,000 visitors. Besides, CIB-Egypt was a major supporter of AUC 2017 Annual Benefit Dinner in New York, held on March 1st. The Bank also arranged for senior journalists of the world's leading media outlets to attend the event that showcased Egypt and many of its notable Egyptian alumni, trustees and supporters. Publications included The Financial Times, The Wall Street Journal, The New York Times, Bloomberg, and Reuters.