Forbes magazine announced that Commercial International Bank-Egypt (CIB) is the only Egyptian bank ranked on the list of “Top 500 Recruitment Companies in the World” among 2000 major international companies.
The bank ranked 90th in the world this year, based on 1.4 million employment recommendations from a global survey and regional surveys.
The bank’s Chairperson and Managing Director Hisham Ezz Al Arab said in a press release that the bank is committed to providing great results regardless of any situation.
“In order to achieve these results, we need a work environment that allows creativity, security, trust, and equity combined. These are the organisational features that enable us to fulfil our aspirations to remain among the best, not only internally, but also externally,” he added.
Forbes partnered with Statista database company to form the annual list. Respondents from around the world were asked to evaluate their employer and the likelihood that the employer would recommend a friend or family member, then rated other employers who liked those institutions as well.
Head of Human Resources at the bank Mohammed Al-Sinari, said that CIB is proud to always prioritise investing in people.
He said that this award confirms the bank’s efforts in consolidating the principles of gender equality, enhancing financial inclusion, and the positive impact of the bank’s operations on the community and the surrounding environment. It also works on developing team skills, as well as adhering to the rules of professional conduct in business.
He stressed that the bank has spared no effort in investing in the development of human resources during the past years to keep pace with ongoing changes in the banking sector in addition to the continuous improvement of standards and quality of services provided to suit the needs and expectations of customers.
According to Al-Sinari, the business culture is one of the main pillars that have contributed to the success of the bank and the development of its business since its inception. Through this culture, the bank encourages entrepreneurship and innovative work while adhering to the best international practices with regard to corporate governance and risk management, which represents the most important competitive advantages of the CIB.
This business culture resulted in the launch of the first of its kind Employee Stock Ownership Programme in 2006 in an effort to align shareholders’ interests with the team’s goals and aspirations.