Chairman of Banque Misr Mr. Mohamed Eletreby signed an agreement protocol with Head of the New Nozha Municipality Mr. Khaled Abo Deif through which Banque Misr is set to cover the costs of building a pedestrian bridge on the Joseph Tito Axis in New Nozha.
The agreement was made in the presence of Cairo Governor Mr. Atef Abdel Hamid and Mr. Medhat Sherif, the representative of the Economic Affairs Committee at parliament, as well as Vice Chairman of Banque Misr Mr. Ahmed Aboul Ezz. The agreement moreover followed a request from the head of the New Nozha Municipality for Banque Misr to contribute towards the cost of building the pedestrian bridge in that area due to its high population density and to ensure the safety of pedestrians there.
The agreement stipulates that Banque Misr will contribute to building the pedestrian bridge at Joseph Tito Axis. This stems from the bank's role as a leading financial institution in Egypt that majorly prioritizes social responsibility as one of its key principles. This is evidenced by the bank's effective participation in social projects, whether directly or indirectly through its nonprofit arm, the Banque Misr Foundation for Community Development.
Banque Misr further contributes to a number of activities supporting community development and aiming to boost human development, particularly in the fields of education, creating job opportunities (particularly for women and young people) and developing Egyptian villages, to ensure the sustainable development of the community. Contributions amounted to approximately EGP 400 million during fiscal year 2016-2017.
As such, Banque Misr continues its pioneering role in the field of corporate social responsibility, aiming to be a role model for all institutions working to provide social support through all means available.