21 October 2016
Commercial International Bank-Egypt (CIB) recently became a member of UN Environment Programme’s Finance Initiative, the first Egyptian bank to do so. They will also take part in the Global Roundtable in Dubai later this month.
Mr. Hisham Ezz Al-Arab, Chairman and Managing Director, said, “Being the first bank in Egypt to join UNEP FI evidences our firm commitment to a longer-term vision of the future that strikes a balance between the strategic goal of increased profitability as well as serving the broader socio-economic and environmental interests.” He continued, “the partnership with UNEP FI will strengthen the inclusive sustainability culture, not only bank-wide, but also at a country level as we set a regional model of positive banking impact.”
“Egypt is one of the most important markets in the region, and we are pleased to welcome a leading Egyptian financial institution as a member,” commented UNEP FI Head, Eric Usher. “CIB is raising the awareness of sustainability through the integration of social, environmental, economic and cultural considerations in its policies and day-to-day operations and we are looking forward to working with them to further this practice”.
Commercial International Bank-Egypt was established in 1975, and is a private sector bank offering a broad range of financial products and services to its customers, which include enterprises of all sizes, institutions, households and high-net worth individuals.
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