Dr. Islam Azzam, Chairman, began Egyptian Stock ExchangeToday’s trading session rings the bell to celebrate the Commercial International Bank – Egypt (CIB) receiving the award for Best Bank for Sustainable Finance in Africa for the year 2025.
He stressed that the honor reflects the bank’s actual commitment to environmental, social responsibility and governance (ESG) standards, which have become a fundamental pillar in attracting long-term foreign investments and enhancing confidence and stability in the Egyptian capital market.
Azzam added that the Stock Exchange will launch the new sustainability index next May in cooperation with S&P and Dow Jones Indices, stressing the Stock Exchange’s continued role in supporting sustainable financing and developing regulatory frameworks and financial tools.
Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs, said that the Commercial International Bank’s receipt of an international award represents a prominent success model for the Egyptian banking sector.
He explained that the bank has always been one of the main pillars of the market, and that its success in sustainable financing reflects the progress Egypt has made in the areas of green economy and sustainable development, noting the state’s great interest in this file within its economic development strategy.
Dr. Mohamed Farid, Minister of Investment and Foreign Trade, confirmed that the process of sustainability and governance in Egypt is a gradual and cumulative process that began in the middle of the first decade of the millennium, pointing to important achievements such as the issuance of the first governance rules from the Egyptian Directors Center based on the standards of the Organization for Economic Co-operation and Development (OECD), in addition to Resolutions 107 and 108 regarding sustainability and environmental risk reports issued by the Financial Regulatory Authority.
The Minister pointed out that issuing laws and regulations alone is not enough, but rather the quality of their implementation on the ground must be monitored, stressing the role of international investors in evaluating companies’ commitment to governance and sustainability.
