During the opening panel of the summit, which was held by CIB, Hany Al-Deib — Head of the Business Banking Segment at CIB — stated: “The strategy of CIB’s Sustaining SMEs program represents an ambitious endeavor to transform the culture of doing business in Egypt towards sustainability. The program primarily targets SMEs, providing them with full support to create green and responsible business models that contribute to the UN’s Sustainable Development Goals (SDGs) and Egypt’s 2030 Vision.”
The Commercial International Bank (CIB) is looking to mainstream the system transformation across Egypt's SME landscape to support sustainable growth and adopt a resilience that aligns with consistently evolving regulatory and climate challenges, following the success of their Sustaining Sectors programme, which provides a platform tailored to support corporates to integrate sustainability within their business model to achieve inclusive growth. The Sustainable Finance facility was just released by the bank as part of their new Small and Medium Enterprise (SME) facility structure, with the goal of better serving and enabling businesses to implement sustainability practises across their operations with a primary emphasis on renewable energy, water efficiency, and pollution prevention and control. The CIB is also dedicated to helping small and medium-sized enterprises (SMEs) in Egypt expand their access to capital by offering a comprehensive framework of support. The goal of the bank's Sustaining SMEs programme is to provide Egyptian small and medium-sized enterprises (SMEs) with access to knowledge-based support and capacity-building opportunities, with a primary emphasis on ESG principles in shaping dialogues, perceptions, and the ecosystem by which SMEs are built for continuous growth. The program's goal is to coordinate their development with the worldwide adoption of ever-improving sustainability norms.
