Commercial International Bank (CIB): Egypt’s green bond pioneer
According to our sources, CIB, one of Egypt’s largest financial institutions, is getting ready to launch its first green finance programme.
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▪ Commercial International Bank (CIB): Egypt’s green bond pioneer
▪ According to our sources, CIB, one of Egypt’s largest financial institutions, is getting ready to launch its first green finance programme.
▪ https://www.africabusinessplus.com/en/804714/commercial-international-bank-cib-egyptienne-pionniere-dans-les-green-bonds/
“We’ve been working on this initiative over the last 18 months,” said Heba Abdel Latif, Head of Debt Capital Markets at Commercial International Bank. The bank – with total assets of more than 381bn Egyptian pounds as of March 2020 (€21bn) – has decided to launch its first green bond in the country, a first for the local banking sector in terms of this type of transaction.
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