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Sunday, 9 July 2017

CIB named Euromoney’s Best Bank in the Emerging Markets for 2017

CIB was named Euromoney’s Best Bank in the Emerging Markets for 2017 at an awards ceremony in London on Tuesday, making it the first bank in Egypt, the Middle East, and Africa to take home the honor, the bank said in an emailed statement (pdf). “Posting high returns as a universal bank in [emerging] markets, where interest rates are naturally high, can be easy in the good times. To sustain it during the inevitably volatile economic and political transitions requires nimble risk management and deep local management. Often treated as a proxy for the Egyptian economy, CIB ticks both those boxes and many more,” Euromoney says of our good friends. CIB Chairman and Managing Director Hisham Ezz Al Arab said the bank’s success stems largely from “staying away from the emotional side of decision-making [and] anticipating where a problem could arise and preparing for it beforehand.”

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