Thursday, May 22/2025 – 04:57 PM
Meed, the Commercial International Bank – Egypt CIB, announced the Best Bank for Small and Medium Enterprises Award in Egypt, in confirmation of its leadership and innovation in providing financial services. This coronation is a new evidence of CIB’s commitment to supporting emerging entrepreneurs and projects by providing financing and consulting products and solutions that are in line with the requirements of this vital sector, and contribute to promoting the national economy.
CIB wins two prizes for Best Small and Medium Enterprises and Best MEED supplier supplier financing program
The Commercial International Bank continues its leadership in the Egyptian market through the supplier chains financing program, as it is the first bank in Egypt to present an integrated program to finance supplier chains, supported by a digital platform, which represents a prominent advantage of the bank and evidence of its pioneering position in innovation. Suppliers financing provides a quick payment option to pump liquidity when needed, support capital requirements, and business financing.
The award comes within the framework of the MEED Middle East and North Africa Awards for 2025, which celebrates banking institutions that have a positive impact and provides an exceptional experience to customers. This achievement confirms the established position of CIB as a prominent banking institution that adopts innovation and puts the needs of its customers at the heart of its strategy.
In this context, Hani Al -Deeb, head of the sectors, products and relations of medium and small companies in CIB, stated that obtaining this prestigious award reflects CIB’s firm commitment to support the growth and development of the small and medium enterprises sector through innovative financial solutions and strategic partnerships.
He continued: As the leading bank in Egypt for this sector, we continue to provide services specifically designed to empower companies, enhance financial inclusion, and advance the wheel of sustainable economic development. This estimate enhances our responsibility in improving our offers constantly and enhancing our role in developing the small and medium enterprises sector in the region.
For his part, Ed James, head of the content and analysis department at Meed, added: The banking services sector for individuals in the Middle East and North Africa region is witnessing a rapid development, driven by organizational frameworks and increasing customer expectations. We are witnessing a new era of competition, as flexibility, allocation and integrated financing have become major distinctive factors. “
