Commercial International Bank Egypt (CIB) SAE 2023 Annual Report with Sustainability Disclosures
The report highlights Commercial International Bank (CIB) Egypt's record-breaking financial performance in 2023, achieving an 84% increase in consolidated net income despite significant macroeconomic challenges. The company advanced its digital transformation through the Bank of the Future program, with online banking users reaching 1.5 million and mobile transactions surging by 61%. Sustainability remained a core focus, evidenced by the publication of its first TCFD report and the utilization of its Green Bond program to finance eco-friendly projects. CIB also expanded its regional footprint by acquiring the remaining stake in CIB Kenya, positioning it as a strategic hub for East African trade.
Company: Commercial International Bank Egypt (CIB) SAE
Sector: Finance & insurance
Country: Egypt
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 176
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Commercial International Bank Egypt (CIB) SAE
Annual Report
The report highlights Commercial International Bank (CIB) Egypt's record-breaking financial performance in 2023, achieving an 84% increase in consolidated net income despite significant macroeconomic challenges. The company advanced its digital transformation through the Bank of the Future program, with online banking users reaching 1.5 million and mobile transactions surging by 61%. Sustainability remained a core focus, evidenced by the publication of its first TCFD report and the utilization of its Green Bond program to finance eco-friendly projects. CIB also expanded its regional footprint by acquiring the remaining stake in CIB Kenya, positioning it as a strategic hub for East African trade.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees