Hisham Ezz Al-Arab, Chief Executive Officer and Executive Board Member of Commercial International Bank Egypt CIB, has received the prestigious Lifetime Achievement Award Global Finance magazine during a special ceremony held in Washington, D.C., on the sidelines of the IMF and World Bank Annual Meetings.
As part of Commercial International Banks CIB 50th anniversary celebrations, Global Finance magazine hosted a special roundtable discussion with senior executives the bank, highlighting its remarkable journey as Egypts largest private-sector bank and a driving force in transforming the countrys banking landscape.
Hisham Ezz Al-Arab, Chief Executive Officer of the Commercial International Bank Egypt CIB, stated that the period 2015 to the end of 2022 witnessed what he described as intense volatility, noting that this phase was marked by frequent surprises in monetary policy and exchange rate management.
Hisham Ezz Al-Arab, Chief Executive Officer of the Commercial International Bank Egypt CIB, stated that the period 2015 to the end of 2022 witnessed what he described as intense volatility, or what is known economically as volatility, noting that this phase was marked by frequent surprises in monetary policy and exchange rate management.
Hisham Ezz Al-Arab, Chief Executive Officer of the Commercial International Bank Egypt CIB, revealed that the bank achieved a non-performing loan NPL coverage ratio of 340% by the end of last year a figure he described as exceptionally high compared to the regional banking average, which ranges between 90% and 130%.
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