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Supervisor
Elham AbolFateh
AR
Tuesday 30 May 2017

Business

Egypt’s CIB named best bank in the Middle East

Friday 19/May/2017 - 06:43 PM
Sada El Balad
Alaa Awad
Egypt’s Commercial International Bank (CIB) was chosen as the best bank in the Middle East by Euromoney، the preeminent global financial markets magazine.

The Euromoney Awards for Excellence، now in its 26th year، is the oldest and the most prestigious award in the global financial publishing industry. It recognises banks that show their excellence introducing special offers to their customers and in achieving best-in-class financial performance، without necessarily being global in scale.

“It (CIB) is an institution posting high returns، with steadily increasing net income، while at the same time maintaining exceptional risk management and liquidity and stellar efficiency (its cost-to-income ratio is around 25%).” Euromoney said in a statement.

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