Abdel Kader: CIB now offers 12 eco-friendly financing products

03 / 03 / 2023

By Marwa Nassar - -

Dalia Abdel Kader, Chief Sustainability Officer of the Commercial International Bank (CIB), has the infrastructure to produce a whole portfolio of sustainable financing products, noting that the bank has expanded in offering eco-friendly products with 12 products at hand.

She made the remarks during the 13^th CSR and Sustainable Development Forum which is organized by CSR Egypt. The event kicked off on Thursday in the Red Sea resort city of Hurghada.

She has now a portfolio for financing clean energy, energy consumption rationalization, water desalination, water treatment, systems efficiency, carbon emissions cut, green buildings, green tourism and green transportation.

She referred to the “very successful” cooperation between the CIB and the International Finance Corporation (IFC) in issuing green bonds, noting that the bank also offers sustainability loans.

Abdel Kader highlighted also the bank’s keenness on communicating with companies to spread awareness about the importance of such green and sustainability products offered by the bank.

She expounded that this takes place through a technical assistance service offered by the bank and the IFC to explain the impact of such eco-friendly products on the company’s profitability.

She considered the CIB-IFC collaboration as “an exemplary relationship.”