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.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Lessons from a revolution: Egypt’s CIB ready to fight Covid-19

As Egypt ramps up measures to contain the coronavirus, CIB chairman Hisham Ezz Al-Arab tells Euromoney how the 2011 revolution has left the bank well prepared to deal with the current crisis.


“This is not the first crisis we have been through,” Hisham Ezz Al-Arab, chairman and managing director of Egypt’s Commercial International Bank (CIB) tells Euromoney. “January 2011 was a very tough time.”

Curfews, shutdowns and threats to life may be fresh challenges to many global banks more used to dealing with mortgage crises and market volatility, but those operating in Egypt have faced and survived these sorts of threats before.

Egypt’s bankers were confronted with upheaval when a revolution ousted president Hosni Mubarak in 2011, sparking years of intermittent unrest.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


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