The Central Bank of Egypt (CBE) has successfully received the ISO 22301:2019 certification in Business Continuity Management (BCM) from MSECB, a leading global provider of management systems certifications in the Middle East and North Africa. MSECB partnered with Ofouq Integrated Solutions, MSECB’s key subcontractor for the MEA region under the accreditation of IAS, for audit certificates in various industries and different business fields.
The certification was awarded as an endorsement of the efforts accomplished by the CBE to ensure the continuity of all its critical activities during times of crises and emergencies, in order to preserve banking stability and enhance markets’ confidence in the bank’s ability to fulfill local and international liabilities.
The certificate reflects the robust Business Continuity Management System established and implemented by the CBE in conformance with ISO 22301 standards. This system effectively and efficiently handles potential business disruptions, minimizes downtime, shortens recovery time, and demonstrates CBE’s organizational resilience. This ensures the efficient maintenance of the functionality of the Central Bank of Egypt and its prominence locally and internationally.
ISO 22301:2019 is the international standard for Business Continuity Management in organizations, developed by the International Organization for Standardization (ISO) according to the latest international best practices in this regard. It ensures the identification and management of existing and potential risks that may negatively affect business progress during emergency incidents.
The adoption of ISO 22301 standards demonstrates CBE’s readiness and responsiveness to overcome any unexpected crisis that may occur at any time, in order to ensure the continuity of its critical functions.
