Commercial Intnl Bank (Egypt) SAE Release on CEO self-quarantine (0166I)
30 March 2020 - 7:00PM
UK Regulatory
TIDMCBKD
RNS Number : 0166I
Commercial Intnl Bank (Egypt) SAE
30 March 2020
RELEASE
CAIRO - March 29(th) , 2020
CIB reported today that Mr. Hussein Abaza, its Chief Executive
Officer, has chosen to enter a period of self-quarantine following
the death of a close family member. That family member subsequently
tested positive for COVID-19.
Mr. Abaza will be tested for the virus in accordance with the
protocols of the Egyptian Ministry of Health and Population.
Mr. Abaza presently has no symptoms of COVID-19 and continues to
execute all of the duties of his office from home. He was already
scheduled to work from home this week and next as part of the
bank's covid-19 rotation policy for senior staff. He had
accordingly made all arrangements necessary to carry out his duties
remotely and will hold meetings this week with staff and
investors.
In the event that it becomes necessary, his duties will be taken
up by other members of the leadership team under the Bank's
Business Continuity and Resilience plan.
All of CIB's 207 branches and 1,033 ATMs are fully operational
and serving our valued customers, unless officially notified
otherwise by the Central Bank of Egypt (CBE). For your safety and
that of our staff, and to help prevent the spread of the virus, we
have introduced additional cleaning protocols and spoken with
everyone on our team about best practices in personal hygiene.
Clients can also bank with us online from the convenience of
their homes by logging into their Mobile Banking, Internet Banking
or CIB Business Banking accounts. All of our digital services
operate 24/7.
We are committed to meeting our responsibilities to our
customers, stakeholders and shareholders and continue to monitor
the situation nationwide. If you have questions about the virus in
Egypt, we encourage you to visit the Ministry of Health and
Population's COVID-19 website at www.care.gov.eg .
On behalf of our more than 6,900 employees, we thank you for
your continued trust in CIB.
CIB: A bank to trust
END OF RELEASE
Nelly El Zeneiny
Investor Relations Officer
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END
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