The Ministry of Planning and Economic Development announced on Tuesday, that the National Investment Bank (NIB) has successfully passed its periodic external audit of its ISO 9001:2015 quality management system. The audit covers the “quality of financial services provided for national investments.” This achievement is being presented as an indicator of improved efficiency in the government’s financial system, alongside ongoing efforts to restructure the bank and restore its developmental role as the state’s development arm. The ministry said the achievement was recorded with no non-conformities or corrective observations, confirming the bank’s full compliance with internationally recognized standards. It added that the result aligns with the state’s efforts to enhance institutional performance and promote a culture of excellence, under the patronage of Minister of Planning and Economic Development and Chairman of the Bank’s Board, Ahmed Rustom, reflecting adherence to best practices in governance and development-oriented management. It noted that the external audit was conducted by Bureau Veritas, which confirmed the continued effectiveness of the bank’s quality management system and its compliance with international requirements, recommending the renewal of certification. The audit report also highlighted strengths in the bank’s operations, including strict internal controls through an intensive audit plan, continuous investment in human capital through comprehensive training programs, regular field monitoring, and the adoption of continuous improvement as a core operational approach integrated with strategic planning and risk management. In this context, Minister Ahmed Rustom said the achievement represents a key milestone in the restructuring of the National Investment Bank as the state’s development arm, adding that efforts are ongoing to modernize work systems and strengthen governance and risk management frameworks to ensure optimal use of public resources and improve the efficiency of government investments. He added that development efforts have focused strongly on expanding digital transformation, upgrading technological infrastructure, and enhancing workforce skills, stressing that maintaining this international certification reflects a sustained commitment to delivering high-quality financial services that support comprehensive development and transparency. For his part, Ashraf Negm, Vice Chairman and Managing Director, said the renewal of the ISO certification represents the culmination of continuous development efforts and a strong step toward excellence and sustainability. He noted that the bank continues to modernize its operational and administrative systems to enhance service quality and reinforce its pivotal role in financing national projects and development initiatives. Meanwhile, Sayyed Zakaria El-Behi, Assistant Managing Director for Credit and Finance Affairs and Head of the ISO Committee, said the successful completion of the periodic audit with a clean report reflects diligent collective efforts and ongoing coordination across all sectors of the bank. He added that the quality system has become an integral part of employees’ daily work culture, as confirmed by the Bureau Veritas report, reflecting the bank’s advanced institutional maturity. The National Investment Bank was established under Law No. 119 of 1980 to finance projects included in the state’s general plan for economic and social development, whether through equity participation, lending, or project monitoring. It is currently considered one of the state’s key development financing arms responsible for supporting large-scale infrastructure projects and achieving sustainable growth. The post NIB successfully passes ISO 9001:2015 surveillance audit appeared first on Egyptian Gazette.
