The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Middle East's best bank for corporate responsibility 2019: Commercial International Bank

Awards for Excellence 2019

This year Egypt’s Commercial International Bank (CIB) wins best bank for corporate responsibility in the Middle East. 

Five years ago it began integrating sustainability into its daily operations and succeeded in reducing energy consumption by 40%. 

“We looked at how we manage our premises in terms of carbon footprint and waste management, and our consumption of energy and water,” says Mohamed Sultan, CIB’s chief operating officer. 

That prompted investment throughout 2018 and a reduction of water consumption by 40% over the year. CIB also mandates use of bio-degradable plastic bags and introduced an internal carpooling app. CIB also launched a green credit line and consumer financing for solar energy.


Mohamed Sultan

The bank is among those creating a global framework of the UN’s principles for responsible banking, which were launched in 2018.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree