Cairo, Egypt – Commercial International Bank (CIB), Egypt’s leading private sector bank, was one of 28 international founding signatory banks to the first ever “Commitment to Financial Health and Inclusion,” under the Principles of Responsible Banking (PRB) of the United Nations Finance Initiative (UNEP-FI), publicly declaring its commitment to support universal financial health and inclusion and foster a more financially inclusive banking sector. CIB is the only bank in the MENA region to sign this commitment.
“Availing inclusive digital financial services that enable, empower, and cater to the needs of marginalized and vulnerable segments of society is the path towards sustainable financial inclusion”. said Amin Khairy, Head of Financial Inclusion at CIB, “CIB has spearheaded several initiatives nationwide, promoting products specifically designed to cater to unbanked and underbanked segments of society, such as CIB Smart Wallet, Prepaid Cards, and Bedaya Accounts.
We will continue to highlight the importance of raising financial literacy and to be the first among national and regional entities and corporations in bridging the financial literacy gap among the different segments of society.” As a founding signatory of the UNEP-FI Principles of Responsible Banking and a member of the UNEP-FI Leadership Council and its Banking Board, CIB’s signature on this new PRB commitment is further proof of the Bank’s deep dedication to sustainability and to the financial health of the underprivileged