Commercial International Bank (CIB) has been recognized as The Banker’s Bank of the Year 2025 for Egypt,a testament to its strategic focus on expanding financial services for small and medium-sized enterprises ‌(SMEs) and its ​rapid development of innovative financial ‌products.

Factoring Subsidiary Achieves Rapid Growth

A key driver of ​this ⁢recognition is the impressive performance of CIB’s wholly​ owned factoring ⁣subsidiary, Commercial International Finance Company (CIFC). Launched in⁣ early 2024, CIFC⁢ quickly established itself, reaching a portfolio exceeding EGP 4 billion (approximately $84.4 ​million USD as of june 2025) by the end of June 2025. With outstanding balances of EGP 2.1 billion, CIFC is poised for continued expansion by offering integrated supply chain management solutions‌ to its clients.

Lasting Finance Takes⁣ Center Stage

CIB demonstrated a strong commitment to sustainable finance in 2024 with the introduction ‌of a dedicated “Sustainable finance Loan” for SMEs operating in the textile, plastic, and food and beverage sectors. Developed in collaboration with the ‌ Deutsche gesellschaft für Internationale Zusammenarbeit (GIZ) and the Frankfurt Business School,‍ this loan product empowers businesses to invest in crucial upgrades to fixed assets, renewable energy ‌sources, and resource efficiency initiatives.

Risk Mitigation and Expanded Lending Capacity

Further bolstering⁣ its support⁤ for local businesses, CIB entered into a credit risk ⁣guarantee agreement with the European bank for Reconstruction ⁣and Development (EBRD) in ‍November 2024. This ​agreement covers 50 percent ⁤of the credit risk associated with a €50 million SME loan ⁤portfolio, effectively increasing CIB’s lending capacity ‍and reducing barriers to access to finance for ‍smaller enterprises.

“This prestigious accolade underscores our commitment to sustainable finance,⁤ digital conversion and ⁤innovative customer-centric solutions,” stated⁢ Islam Zekry, Group Chief Financial Officer and Executive Board Member ⁢of CIB.

These initiatives reflect CIB’s broader strategy to foster economic growth ⁤in Egypt by providing tailored financial solutions and mitigating risk for both the bank and‌ its SME clients. The bank’s proactive⁣ approach positions it as ⁣a key enabler of sustainable development and a leading financial institution in the region.