The US-based Global Finance Magazine announced that it has named the Commercial International Bank (CIB) the Best Bank in Egypt for 2022, in recognition of its efforts to develop modern and innovative banking services and its social contribution.
In its reasoning for this prestigious accolade, the magazine stated that CIB has continued to excel in digital banking for individuals in Egypt during 2022, in addition to its sustainability, development and banking vision programs, the size of its business, and the significant growth of the banking sector over the past years.
The award was received by Mr. Amr El Ganainy, CEO of Institutional Banking at CIB, who expressed his pleasure for CIB’s recognition as the Best Bank in Egypt for 2022, thanks to the tireless efforts of all the Bank’s employees.
“We are delighted and proud to receive this global award that attests to the ability of Egypt and Egyptians to compete internationally. It adds to a large number of accolades that CIB has received for its constant excellence and rapid growth in investments, financial portfolios, investment portfolios, growth rates and profits,” said Mr. El Ganainy. “CIB is committed to the highest and most modern management and work systems and to its huge social role in Egypt, which qualified the Bank to become the largest private bank in Egypt and among the largest banks in the region,” he added.
Mr. El Ganainy highlighted that CIB has leaped forward and participated in all the Central Bank of Egypt’s initiatives to mitigate the effects of COVID-19 and the consequences of the Russia-Ukraine war. The Bank also remains committed to excellence and providing all new services to its customers.
Mr. El Ganainy has been CIB’s CEO for Institutional Banking since 2017 and has ever since been working to achieve the Bank's strategic objectives, with the leadership and guidance required for this role.CIB is an Egyptian bank and one of the largest banks in the Egyptian private sector.
It provides a wide range of banking products and services to its individual, affluent, institutional and corporate customers. With an expert vision of the financial market, the Bank also develops appropriate and impartial solutions to meet all the financial needs of its customers.
The Global Finance Magazine relies in its assessment of banks on their long-term credit ratings by global rating agencies, such as Moody's, Fitch and Standard & Poor's, as well as their loans and investment portfolios, electronic services and facilities.