CIB launches new online platform for financing supplier needs

CIB launches new online platform for financing supplier needs

It supports solutions and programmes to increase the working capital of the supply chain network whilst lower financing costs, speeding up operations, and providing lower risk.. Comments Off on CIB launches new online platform for financing supplier needs. The Commercial International Bank - Egypt (CIB) has announced the launch of a new electronic platform to finance the needs of suppliers, and procurement and contracting activities.. The platform provides financing opportunities for small- and medium-sized enterprises (SMEs) as a first stage through a one-stop advanced technology platform.. Farag explained that CIB evaluates clients based on their financial positions, their evaluation of the risk rate, and the chain of relations between suppliers and companies.. Farag added that the customer base has risen to reach over 12,000 clients that use electronic channels at CIB - Egypt..