International Finance names Banque Misr best Egyptian bank in CSR in 2020

03 / 06 / 2020

By Ahmed Abdel Qawi - - | Edited by Marwa Nassar

International Finance Magazine named Banque Misr as the best Egyptian bank in the Corporate Social Responsibility (CSR) in 2020.

The bank won the same award in 2017 and 2019.

The International Finance Magazine – a premium business and finance magazine published by UK’s International Finance Publications Limited – selects the winners according to a number of international banking standards having to do with the bank’s performance and strategy as well as its CSR activities and the standpoints of a cluster of analysts and international bankers.

Winning of this award for the third time underlined Banque Misr’s pioneering role in the CSR score.

Banque Misr has a record in the CSR domain and it is one of the most aware institutions of the environmental and social responsibilities as well as good governance regulations which integrate with its sustainability march.

Banque Misr is the first state-owned bank to abide by 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.

Banque Misr spent about EGP 760 million in the social development score in the 2018-2019 fiscal year and about EGP 800 million in the 2019-2020 fiscal year.

Banque Misr won a number of international awards:

Banque Misr has recently won a number of international awards in the CSR domain.

Banque Misr copped the award of the best Egyptian bank in the CSR domain in 2020 and 2019 from the Global Banking and Finance Review.

The bank was also named as the best bank in Egypt in the CSR domain in 2018 and the best in the field of environmental sustainability in 2019 by the Global Business Outlook.

The International Business Magazine named the bank as the best bank in Egypt in the CSR domain in 2018 and 2019.

These awards crown the bank’s painstaking efforts and underline its pioneering role in the CSR domain. The bank has largely contributed to Egypt’s prosperity and well-fare since its establishment.

Banque Misr dose not only seek financial profits, but also seeks to be a catalyst for national development. This underlines the bank’s commitment to sustainability and non-stop development.