Commercial International Bank Egypt (CIB) SAE 2022 Annual Report with Sustainability Disclosures
The report highlights Commercial International Bank's (CIB) financial and non-financial performance for the fiscal year 2022, showcasing a 21% year-on-year increase in consolidated net income to EGP 16.11 billion. CIB advanced its digital transformation with a 57% increase in mobile banking transaction volumes and the expansion of its 'Bank of the Future' program. In sustainability, the bank published its first Net-Zero Banking Alliance (NZBA) and Equator Principles reports, alongside its first Green Bond Impact Report following its landmark USD 100 million green bond issuance. Additionally, CIB expanded its regional footprint by preparing to acquire 100% of Mayfair CIB Bank in Kenya and continued its extensive community support through the CIB Foundation.
Company: Commercial International Bank Egypt (CIB) SAE
Sector: Finance & insurance
Country: Egypt
Year: 2022
Type: Annual Report with Sustainability Disclosures
Pages: 172
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Commercial International Bank Egypt (CIB) SAE
Annual Report
The report highlights Commercial International Bank's (CIB) financial and non-financial performance for the fiscal year 2022, showcasing a 21% year-on-year increase in consolidated net income to EGP 16.11 billion. CIB advanced its digital transformation with a 57% increase in mobile banking transaction volumes and the expansion of its 'Bank of the Future' program. In sustainability, the bank published its first Net-Zero Banking Alliance (NZBA) and Equator Principles reports, alongside its first Green Bond Impact Report following its landmark USD 100 million green bond issuance. Additionally, CIB expanded its regional footprint by preparing to acquire 100% of Mayfair CIB Bank in Kenya and continued its extensive community support through the CIB Foundation.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
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
Emissions
Scope 1:
Scope 2:
Scope 3:
Workplace Fatalities
Employees