CIB Egypt Clinches Top Honors: Best Bank for SMEs and Best Private Bank in 2024
First Bank
The Commercial International Bank (CIB) Egypt has won 2 prestigious awards from the Global Finance magazine, being named the Best Bank for Small and Medium Enterprises in Egypt for 2024.
The bank was also recognized as the Best Private Bank in Egypt in the magazine's ninth annual awards for the world's best private banks in 2024.
These awards highlight the bank's pioneering ability to adopt the latest digital banking services and efficiently serve its clients in the small and medium-sized business sector.
The bank's continuous efforts to enhance its digital banking services to align with the latest developments in the banking industry were acknowledged in the evaluation process, which considered financial performance data from April 1, 2022, to March 31, 2023, and from July 1, 2022, to June 30, 2023.
The assessments were based on data provided by the banks, independent research, opinions of experts, executives, and technology specialists, utilizing a specialized algorithm that weighted criteria based on relative importance, including knowledge of small and medium-sized business markets and their needs, product and service range, market position, and innovation.
