Int’l Finance names Banque Misr best in CSR

International Finance Magazine has named Banque Misr as the best bank in the fields of Corporate Social Responsibility (CSR)  and Islamic banking transactions.

Banque Misr Deputy Board Chairman Hossam Eddin Abdel Wahab and Chairman of the international transactions sector Hossam Raouf received the two awards on behalf of the bank during an honoring ceremony held by the magazine in the United Arab Emirates.

Banque Misr has spent about EGP 750 million on CSR projects during the 2018-2019 fiscal year, marking about EGP 100 million rise in comparison with the 2017-2018 fiscal year.

The bank’s CSR activities:

Banque Misr has contributed to a large number of projects that are meant to realize social development, especially in the fields of education, health and rural development.

The bank also works on creating jobs as well as empowering youth and women, particularly female breadwinners.

On 18 December 2019, Banque Misr joined hands with the National Bank of Egypt to sign a cooperation protocol with the General Authority for Roads, Bridges and Land Transport  to jointly contribute EGP 1.8 billion in three years for renovating the ring road of Greater Cairo.

The  cooperation protocol falls within the framework of the CSR projects implemented by governmental bank.

Banque Misr has been cooperating with the National Bank of Egypt in various domains to serve the Egyptian people and support state efforts to upgrade the services offered.

Banque Misr is committed to the Global Reporting Initiative (GRI) – an independent international organization that has pioneered sustainability reporting since 1997, and the United National Global Compact – a UN initiative that establishes ten general principles for companies’ CSR activities.

Awards

Banque Misr has copped about 23 awards and advanced positions during 2019 from heavyweight international associations and magazines.

The bank was named as the best institution for Islamic banking transactions by the International Business Magazine and the Global Business Outlook in 2109.