Evidencing its leading position in the banking sector, the international organization of Global Finance granted its “Best Bank in Egypt” award to Commercial International Bank-Egypt (CIB) for the 20th time in its history, in recognition of its outstanding performance, as per the assessment of the banking experts committee of the organization.
CIB-Egypt maintains successfully its leading position as the largest Egyptian private bank in the banking sector, confirming its outstanding performance by achieving the highest results despite the challenging economic conditions. This prominent Global Finance award affirms the effective strategy pursued by the Bank and team, which focuses on accomplishing sustainable profitability growth through creating and developing a strong framework able to maximize the return to all parties, including customers and shareholders as well as the Egyptian society. In light of the ongoing changes of the Egyptian economy, CIB-Egypt has been able through its highly flexible strategy to tailor adequate solutions to further develop its business with respect to risk management, while continuousily striving to strengthen the Bank’s financial position, which then leads to preserve the capital resources, maximize profitability and maintain the quality of assets.
Winning this prestigious award for the 20th time does not only proves CIB’s outstanding performance over the years, but it is also a global recognition of the strength and high competences of the Egyptian banking sector and its ability to advance the wheel of development, supporting the national reform plans for a prosperous economy.