Latest in Tag: CIB Highlight
Latest in Tag: CIB
The certification is guided by the World Bank’s Gender Equity Model, which identifies the areas of focus and maps out the needed actions to accomplish the model’s objectives in each area.
Bank was first bank in Egypt to implement Energy Efficiency Improvement Project in LED lighting transformation
Step comes in line with bank’s efforts to support local and global practices to mitigate climate change risks in short, medium, long term
Training programme is in line with Bank’s strategy to expand into Africa
Awards were part of annual survey conducted by Global Finance magazine, which involved banking analysts, corporate executives, tech experts
Dalia Abdel Kader discussed sustainable finance efforts in emerging markets
Q4 2020 consolidated revenue of EGP 6.58bn and net income of EGP 2.89bn, or EGP 1.75 per share, down 11% from Q4 in previous year
Future onboarding of new clients, growing customer base may be faster, less dependent on physical premises compared to previously, says Sherif Samy
Inclusion is bank’s third consecutive year of recognition for its strides in gender equality
CIB presents 2020 digital transformation results amid COVID-19
Bank to provide payment facilities to City Edge customers, mainly mortgage finance with 20-year repayment period within Central Bank’s initiative
Award launched in celebration of the bank’s five years of sustainability reporting
The Commercial International Bank (CIB) announced, on Wednesday, that it has furthered its commitment to environmental transparency by disclosing its environmental impact through the Carbon Disclosure Project (CDP).
Bank’s loan loss provision balance records EGP 15.4bn, covering 11.5% of total loan portfolio
Expanded partnership aims to increase lower-income employees’ financial literacy by providing access to banking services
Event highlights importance of Bank’s commitment to creating shared value while contributing to Egypt’s economic growth during global pandemic
Sami stressed that CIB pays great attention to CBE notices regarding compliance issues, and that the necessary mechanisms are being put in place to avoid the repetition of these issues in the future.
Two audit firms to look into CBE report on CIB violations, should financial fraud allegations stick
CIB price falls by 10%, but purchases by local portfolios and funds offset stock’s value loss to 6.9%
Slight selling pressure is projected at beginning of Sunday session
On his Facebook page, Ezz Al-Arab wrote, “In my 21 years of service to CIB, we have built an institution, growing its market capitalisation to more than $6bn, from $150m, and in the process being acknowledged as the best bank in global emerging markets in three of the past four years.”
The CIB Board of Directors has unanimously decided to appoint Sherif Sami as non-executive chairperson of the bank, subject to the Central Bank of Egypt’s (CBE) approval.
The FRA had requested suspension of CIB shares trading before the start of the Thursday session.
A CBE statement read, “The CBE approved the decision of the CIB’s Board of Directors to appoint Sherif Sami, a board member and former chairperson of the Financial Regulatory Authority, as a non-executive Chairperson, as of date.”
The tournament kicked off on 10 October at the New Giza Sporting Club, under the auspices of the Ministries of Youth and Sports, and Tourism and Antiquities. Since the semi-finals, Egyptian squash players dominated the high quality and well played matches.
Public attendance will take place amid strict health and safety protocols, including social distancing guidelines
Dr Dalia Abdel Kader will moderate MENA session at Annual Global Round Table
Award reflects bank’s sustainability initiative designed to raise awareness and employee engagement in sustainability practices
The Bank is celebrating a year of achievements on the sustainability front since becoming a founding signatory of the United Nations Environment Program – Finance Initiative’s Principles for Responsible Banking
Tournament to follow strict health and safety protocols, international travel policies, and social distancing guidelines