Commercial International Bank Egypt (CIB) SAE 2021 Annual Report with Sustainability Disclosures
The report highlights Commercial International Bank's (CIB) financial and ESG performance for the fiscal year 2021. CIB achieved a 30% increase in consolidated net income to EGP 13.27 billion, while expanding its digital banking channels to reach over one million online users. On the sustainability front, the bank issued Egypt's first corporate green bond, valued at USD 100 million, in partnership with the International Finance Corporation. Additionally, CIB became a founding member of the UN-convened Net-Zero Banking Alliance, representing Africa on its steering group, and advanced its commitment to gender equality by receiving the Egypt Gender Equity Seal.
Company: Commercial International Bank Egypt (CIB) SAE
Sector: Finance & insurance
Country: Egypt
Year: 2021
Type: Annual Report with Sustainability Disclosures
Pages: 168
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Commercial International Bank Egypt (CIB) SAE
Annual Report
The report highlights Commercial International Bank's (CIB) financial and ESG performance for the fiscal year 2021. CIB achieved a 30% increase in consolidated net income to EGP 13.27 billion, while expanding its digital banking channels to reach over one million online users. On the sustainability front, the bank issued Egypt's first corporate green bond, valued at USD 100 million, in partnership with the International Finance Corporation. Additionally, CIB became a founding member of the UN-convened Net-Zero Banking Alliance, representing Africa on its steering group, and advanced its commitment to gender equality by receiving the Egypt Gender Equity Seal.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Net Zero Target
Employees