Sherif Samy appointed as non-executive chairman of Commercial International Bank

EGYPT – The central bank of Egypt has confirmed the appointment of Sherif Samy as non-executive chairman of Commercial International Bank (CIB bank), the biggest private bank in Egypt, adding that Samy should be well placed to address the central bank’s regulatory compliance concerns. “The Governor of the Central Bank met with the Board of Directors of the CIB, who undertook to prepare a corrective action plan to remedy the supervisory notes of the CBE in particular with regard to internal control, credit risks and banking operations in a way…

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