The Commercial International Bank – Egypt announced the appointment of Sherif Samir Sami as a non-executive chairman of the bank’s board of directors, after obtaining the approval of the Central Bank of Egypt, succeeding Hisham Ezz Al-Arab.
The bank confirmed in a statement today that the Board of Directors believes that the bank has many distinguished cadres and an able management team that works to apply the highest professional standards and adopt the best practices followed in risk and compliance management..
The statement indicated that non-executive board members were invited to attend a meeting with the Governor of the Central Bank of Egypt, Tariq Amer, during which he confirmed his full support for the bank and the board of directors..
Sherif Sami, non-executive chairman of the Commercial International Bank, said that on behalf of the Board of Directors, the bank will continue its commitment to continue consolidating the bank’s position, emphasizing the implementation of peaceful and effective governance practices, and working to support the country’s initiatives and continuing to adopt the best international banking practices..
For his part, Hussein Abaza, the chief executive officer and member of the bank’s board of directors, affirmed the bank’s commitment to providing the highest level of service to customers and supporting its investment plans and financial goals.