The Commercial International Bank – Egypt (CIB) has signed a cooperation protocol with the Business Women of Egypt 21 (BWE21) – a self-financed non-governmental organisation (NGO) – within the bank’s efforts to support women in general, and business women working in small and medium-sized enterprises (SMEs) specifically.
The protocol provides the BWE21 with an exclusive sponsorship agreement from the bank, and stipulates that they will jointly organise conferences and workshops to raise awareness about banking and how to obtain bank financing. The protocol also includes the development of a group of banking services specifically designed for the members of the BWE21.
Announcing the protocol came during the bank’s participation in the annual conference of BWE21 which included a review of the most important achievements of the NGO in Egypt for women in 2018. It tackled Egyptian exports to the Canadian market through the commercial representative offices of the ministry of foreign affairs. The conference also addressed possible economic and investment opportunities in Egypt in 2019.
The partnership comes in view of the CIB’s efforts to support the members of BWE21 by providing them with the experience required to develop their businesses.
The bank aims to offer a stable environment for businesspersons so that they can safely develop their businesses, and it also offers innovative banking solutions to attract new social segments to the banking sector in order to further enhance financial inclusion.
Noteworthy, CIB Egypt won the Best Online Cash Management, the Best Trade Finance Services, and the Best Online Portal Services awards in Egypt by Global Finance.
London Business School has also included the bank in 2018 in its studies as one of the successful business models.
In 2019, Bloomberg included CIB in its gender equality index, making it the first Arab and African institution to enter that index, which includes 230 institutions representing 10 different sectors from 36 countries worldwide.