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THE BANK TO TRUST

CONTENTS

02

CIB Introduction

06

At a Glance

08 Key Financial Highlights

10 Leadership

22

What We Do

26 CIB's Stock

28

Our History and Timeline

34

Awards

Strategic Direction

40

Strategy

44 Value Creation Model

48

A Note From Our

Non-Executive Chairman

50

A Note From Our CEO

54

BOD's Report

04

Our Businesses

70 Institutional Banking

78 Retail Banking

84

Digital Banking

Support Functions

98

Operations and IT

102 Human Resources

106 Marketing and Corporate

CommunicationsOur Controls

114 Risk Group

118 Compliance Group

122 Internal Audit

Subsidiaries and Associates

152 CVentures

152 Mayfair CIB Bank Limited

152 Falcon Group

154

Fawry Plus

155

Al Ahly Computer Equipment

155

Damietta Shipping and Marine

Services

07 06 08

Responsible Banking

126 Environmental Sustainability

130 Social Development

142 Corporate Governance

156

Financial Statements

NAVIGATING

UNCHARTED WATERS

2020 was an unprecedented year not only for CIB, but the world over.

From lockdowns to dwindling investor sentiment, regulatory shifts to economic disruptions, CIB has had to call on decades of stalwart leadership and the resilience of its strategy to navigate headwinds and emerge as a stronger institution.

2020 Annual Report | 3

CIB

Introduction

01 01 01 01

CIB is dedicated to

CREATING OUTSTANDING STAKEHOLDER VALUE

and providing superior customer service solutions. #1

Bank by market cap

on the EGX

2020 Annual Report

| 5 4 | Annual Report 2020 CIB is Egypt"s leading private-sector bank. It is an award-winning institution dedicated to creating outstanding stakeholder value and providing supe rior customer service solutions to a broad range of clients. e Bank furnishes clients with innova tive solutions that satisfy their banking needs and facilitate their nancial lives. Its dynamic business model and commitment to fully integrating supe- rior technology into its products and services allow it to maintain its market leadership and oer sta an engaging work environment, while generating mounting value. e Bank serves an expansive network of retail customers, high-net-worth (HNW) individuals, and enterprises and institutions that drive the Egyptian economy. With a well-established network of 208 branches and banking units and a workforce comprising 7,071 employees, CIB provides tailored, client-centric services to clients in the corporate, commercial, retail, wealth, and small and medium enterprise (SME) spheres, while working to deliver the most streamlined, ecient banking service oering in the Egyptian market. CIB also operates two representative oces, one in Dubai and the other in Addis Ababa, as channels driving busi ness through these key markets while capitalizing on the synergies inherent in the Bank"s business model as a means of driving value for clients. e Bank has four strategic subsidiaries and aliates, CVentures,

Mayfair CIB Limited, Falcon Group and Fawry Plus,

in which CIB"s shares are 99.99%, 51%, 30%, and

23.5%. In addition to CIB"s strategic subsidiaries and

aliates, the Bank has direct ownership in Damietta

Shipping Marine Services (DSMS) and Al Ahly

Computer Equipment Company (ACE) in which it

owns 49.95%, and 39.34% respectively. For several years, CIB has also enjoyed the titles of most protable bank operating in Egypt and the bank of choice for over 500 of Egypt"s largest corporations. It has been awarded numerous acco lades from prestigious bodies throughout the year, including the World"s Best Emerging Markets Bank by Global Finance in 2020.

KEY FACTS

208

87,464+1.5

25.87,071

1,121

Branches

Market Cap*Million Clients

RevenuesEmployees

ATMs

CIB is Egypt's leading

private-sector bank, offering a full range of ?nancial products and services to enterprises of all sizes, institutions, households, and individuals.

EGP/BN

*31 st of Dec 2020.

EGP/MN

6 | Annual Report 20202020 Annual Report | 7

CIB Introduction

Key Financial Highlights

FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11

Common Share Information Per Share

Earning Per Share (EPS)

1

6.217.337.265.764.563.583.552.672.422.43

Dividends (DPS)

2

0.001.251.001.000.500.751.201.001.251.00

Book Value

(BV/No of Share)

Share Price (EGP)

3

High 59.583.596.588.873.647.451.345.439.847.4

Low 59.082.767.071.130.828.932.627.421.118.5

Closing 59.283.074.177.476.438.149.232.634.618.7

Shares Outstanding

(millions)

147814691167116211541147908900597594

Market Capitalization

(EGP millions)

Value Measures

Price to Earnings Multiple

(P/E)

9.511.310.213.416.810.613.912.214.37.7

Dividend Yield (based on

closing share price) Dividend Payout Ratio0.0%15.6%15.3%15.4%9.7%18.5%29.9%34.4%33.9%33.9%

Market Value to Book

Value Ratio

1.472.352.533.174.142.653.022.421.831.24

Financial Results (EGP millions)

Net Operating Income

4

Provision for Credit Losses

- Speci?c

Provision for Credit Losses

- General

Total Provisions

Non Interest Expense 5,6265,0494,2243,1192,4335,5535,0454,2233,1192,4332,0281,7051,4501,4451,337 Net Pro?ts 10,23811,8019,5827,5166,00910,30011,8049,5567,5505,9514,6413,6482,6152,2031,749

FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11

Financial MeasuresCost : Income

Return on Average

Common Equity (ROAE)*****

Net Interest Margin (NII/

average interest earning assets)

Return on Average Assets

(ROAA)

Regular Workforce

Headcount

Balance Sheet and Off Balance Sheet Information (EGP millions)Sheet Information (EGP millions)

Cash Resources and

Securities

(Non. Governmental)

Net Loans and Acceptances 120,347119,946106,37788,42885,384119,632119,946106,37788,42886,15257,21149,39841,97041,87741,065

Assets 427,842386,742342,461294,782267,544426,145386,697342,423294,771263,852179,193143,647113,75294,40585,628

Deposits 341,169304,448285,297250,723231,741340,087304,484285,340250,767231,965155,370122,24596,94078,83571,574

Common Shareholders

Equity

Average Assets407,292364,602318,622281,163223,522406,421364,560318,597279,312221,523161,420128,700104,07990,01780,361

Average Interest

Earning Assets

Average Common

Shareholders Equity

Balance Sheet Quality MeasuresEquity to Risk-Weighted

Assets

5

Risk-Weighted Assets

(EGP billions)

2011991861691502011991861691509684706555

Tier 1 Capital Ratio

6

Adjusted Capital Adequacy

Ratio 7 1

Based on net pro?t available for distribution (after deducting sta? pro?t share and board bonus) and unadjusted to stock dividends

2

2018 DPS after taking into account the share distributions of one share for every four shares

3

Unadjusted to stock dividends

4

2016, 2015 and 2014 excluding CI Capital pro?t (Discontinued Operations)

5

Total Equity after Pro?t Appropriation

6

Including CBE Deposit Auctions

7

After Pro?t Appropriation.

8 | Annual Report 20202020 Annual Report | 9

CIB Introduction

Mr. Sherif Samy is an experienced senior executive and advisor in the elds of nancial markets and services, in addition to investment and corpo rate governance. He is currently Non-Executive

Chairman of a real estate asset management

company and serves on the boards of directors of the state"s project nance arm, National Investment Bank, the Universal Health Insurance Authority, and several listed and privately held companies in the education, venture capital, fund management, and private equity sectors. Additionally, he is a member of the Investment Board of the National Pension

Fund and of the International Advisory Board of

the UAE Securities and Commodities Authority, and a member of Board of Trustees of the French

University in Egypt.

Mr. Samy served a four-year term, ending 2017, as

Chairman of Egypt"s independent non-banking

Financial Regulatory Authority (FRA), where he

achieved a major legislative and regulatory leap in capital markets, insurance, mortgage, leasing, private pensions, factoring, and micronance.

He served on the board of the Central Bank of

Egypt from 2013 to 2017 and its Monetary Policy Mr. Hussein Abaza leads strategy and operations at

CIB, Egypt"s premiere private sector bank serving

over a million customers, including corporate clients from among Egypt"s largest 500 institutions.

Mr. Abaza has been Chief Executive Ocer and a

member of the Board of Directors since March 2017. He assumed this position after a six-year run as CEO of Institutional Banking. Prior to this, he was the bank"s Chief Operating Ocer and from 2001 until

2010, its Chief Risk Ocer responsible for managing

credit, market, and operational risk. Mr. Abaza is also a member of the Bank"s award-winning investor relations program, which has helped CIB grow its market capitalization over tenfold since

2008. Previously, he served as Head of Research

and then Managing Director at EFG Hermes Asset

Management from 1995 until his return to CIB in

2001. Mr. Abaza joined CIB after obtaining his BA

in Business Administration from the American

University in Cairo. He has pursued post-graduate

training and education in Belgium, Switzerland,

London, and New York.

Mr. Sherif Samy

Non-Executive Chairman

Chair of the Audit Committee and Governance

and Nomination Committee

Member of the Compensation Committee

Chief Executive Of?cer and Board Member

Chair of the Management Committee and High

Lending and Investment Committee

Committee, and chaired its Audit Committee. He was also Chairman of the Financial Services Institute, the Egyptian Institute of Directors, and a member of the board of the country"s National Payment Council and its Anti-Money Laundering Unit.

In 2014, Mr. Samy became the rst Egyptian to be

elected to the board of the International Organization of Securities Commissions (IOSCO), and was reelected for a second term in 2016. He was also elected presi dent of the Union of Arab Securities Authorities in

2016/2017. Prior to that, he was the Managing Director

of Banque Misr"s investment arm, Misr Capital, and a board member of Banque du Caire. Starting 2007, he was appointed for several consecutive terms to the board of the General Authority for Investment and Free

Zones (GAFI).

Mr. Samy started his professional career with global consulting rm Accenture, where he worked in its

Chicago, Riyadh, and Beirut oces. He graduated

from Alexandria University"s Faculty of Commerce with high distinction, and attended numerous executive programs at leading business schools in the US and Europe in the areas of strategy, manage ment, and investment.

10 | Annual Report 20202020 Annual Report | 11

CIB Introduction

in Africa and also in Egypt; she was decorated the Wissam Alaouite from Morocco, named Personalité d"avenir from France and received the Outstanding

Alumni Award from the University of Manchester,

UK — some of numerous international awards and

recognitions. Dr. Abou-Zeid is a member of the prestigious Global Leaders Broadband Commission for Sustainable Development, the Global Council on Digital ID, the Global Commission for Urgent Action on Energy Eciency, as well as the Stewardship Board for System Initiative on Shaping the Future of

Energy. Dr. Abou-Zeid sets the example for women

in STEM and in leadership and decision-making positions and is long named and recognized as a champion of gender equality and women"s empow- erment. An Egyptian national, Dr. Abou-Zeid has a multidisciplinary educational background, receiving a BSc in Electrical Engineering from Cairo University, an MBA from Université Senghor, an MPA from Harvard University, and a PhD in

Social and Economic Development from the

University of Manchester.

Mrs. Magda Habib is the co-founder and Chief

Executive Officer of Dawi Clinics, a chain of

primary care clinics established in Egypt in 2016.

Mrs. Habib has vast experience in the technical

information technology and electronic payments fields, as well as smart banking solutions. She brings 25 years of expertise in various managerial arenas, including strategic brand management, consumer and retail marketing, corporate communications, and investor relations. She was also a co-founder, board member, and Chief

Commercial, Marketing and Strategy Officer at

Fawry Banking and Payment Technology Services.

As a co-founder and a key member of the execu

tive team, Mrs. Habib helped establish Fawry as the leading electronics payment platform in Egypt with more than 50,000 payment points nation wide. Mrs. Habib"s journey with Fawry culminated with a successful exit to a consortium of private equity funds in 2015. Prior to Fawry, Mrs. Habib spent nine years as a member of Raya Holding"s executive team, where she played a key role in the merger and development of Raya Group, as well as being responsible for the creation and develop ment of the Raya brand during its evolution into one of Egypt"s leading technology players. Mrs.

Habib obtained an MBA from INSEAD, France.

She holds a BSc with Honors in Computer Science

from the American University in Cairo.

Non-Executive Independent

Director of the Board

Member of Audit Committee, Governance

and Nomination Committee, Operation and

Technology Committee,

and Compensation Committee

H.E. Dr. Amani Abou-Zeid is the African Union

(AU) Commissioner in charge of infrastructure, energy, ICT, and tourism. For more than 30 years,

Dr. Abou-Zeid has served in leadership positions

in international organizations and has amassed a remarkable mix of experience from across conti- nents and stakeholders. She has managed the

African Development Bank"s largest operational

portfolio and implemented national and conti- nental multi-sectoral development programs, including implementing the world"s largest solar power plant. As AU Commissioner, she launched the Single African Air Transport Market, benet- ting 800 million Africans, delivering on the rst agship project for African Integration under AU

Agenda 2063. She also launched Africa"s digital

transformation strategy to enhance Africa"s leap- frogging development as well as the second 10-year

African Programme for Infrastructure Development

as well as many cross-continental initiatives and projects. Dr. Abou-Zeid was selected twice, in 2012 and 2019, as one of e Most Inuential Women

Lead Director, Non-Executive

Independent Director of the Board

Member of the Risk Committee, Governance

and Nomination Committee, and Compensation Committee

12 | Annual Report 20202020 Annual Report | 13

CIB Introduction

Leadership

Sukthankar is currently Lead Partner in Sanaksh

Advisors LLP, a rm that provides advisory services to private equity, venture capital, and other entities.

Mr. Sukthankar received a BCom from Sydenham

College and an MBA from Jamnalal Bajaj Institute

of Management Studies, University of Mumbai. He has also completed the Advanced Management Program (AMP) from Harvard Business School.Mr. Rajeev Kakar is a seasoned banker, busi- ness founder, entrepreneur, and corporate board member with over three decades of global banking experience and expertise in nancial services, especially in emerging local corporate, commercial,

MSME and retail banking, across multiple coun

tries globally with focus on high-growth emerging markets in the Asia Pacic/China, Europe, Indian

Sub-Continent, MENA/GCC, and Central/Eastern

Europe regions. Mr. Kakar has a strong track record of successfully operating large banks, nancial institutions, and leading business turnarounds, with a demonstrated ability to conceptualize and execute multi-country business strategies, lead acquisitions and business/digital transformations, launch green-field financial services businesses, and deliver profitability over a sustained period, while contributing to the community and serving on several boards across different countries.

He started his career at Citibank NA, where he

worked for two decades, and in his last role was the Regional Head and CEO for Citibank"s Turkey, Middle East, and Africa region until 2006. He moved as the Global Co-Founder of Fullerton Financial Holdings, Singapore where he served for 13 years onquotesdbs_dbs11.pdfusesText_17

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