Commercial International Bank (CIB) has been named the best bank for sustainable finance in Africa for 2025, recognized at a ceremony on Tuesday attended by Central Bank of Egypt Governor Hassan Abdalla. The event, hosted by the Egyptian Exchange, honored the bank’s contributions to sustainability principles and responsible banking practices.
The ceremony on Tuesday honored Commercial International Bank (CIB) for its role in promoting sustainability principles and responsible banking practices, according to a statement from the Central Bank of Egypt. The central bank noted that the award highlights the Egyptian banking sector’s progress in incorporating environmental, social, and governance (ESG) standards into credit and financing policies. These initiatives aim to bolster national efforts for sustainable development and a shift to a green economy.
High-ranking officials attended the event, including Deputy Prime Minister for Economic Affairs Hussein Issa, Minister of Investment and Foreign Trade Mohamed Farid Saleh, and Minister of Planning and Economic Development Ahmed Rostom. Also present were Egyptian Exchange Chairperson Islam Azzam, CIB Chief Executive Officer and board member Hisham Ezz Al-Arab, and Assistant Central Bank Governor Mohamed Abu Moussa. The attendees further included CIB Deputy CEO and board member Amr El-Ganainy, along with leaders from the financial and banking sectors.
This recognition marks a significant step in advancing sustainable practices within Egyptian banks, as emphasized in the central bank’s statement.