Bank & Insurance
Commercial International Bank (CIB): Egypt’s green bond pioneer

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.

http://www.jeuneafriquebusinessplus.com/en/804714/commercial-international-bank-cib-egyptienne-pionniere-dans-les-green-bonds/

16/06/2020 at 19h49, by Aurélie Benoit

“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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