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Banque Misr pays tribute to University Students for participating in the National Literacy Project for the fourth consecutive year
Mr. Hossam El-Din Abdul Wahab, Vice-Chairmen of Banque Misr, honored the University students who took part in adult literacy programs and their supervisors in a huge celebration held on Sunday, 24 March 2019, at Ain Shams University. Banque Misr granted them symbolic awards in recognition on their efforts.
Banque Misr participated at the national literacy program that achieved outstanding outcomes regarding adult literacy within the last 4 years due its deep belief in the importance of education and learning for being the bases for the development of societies and countries. Besides, illiteracy is considered a serious challenge currently facing the developing countries, in addition to being a national issue with a severe impact on the economic, social, political, and cultural sectors. It is worth noting that this program is implemented in the light of the partnership between Ain Shams University, Adult Education Authority, General Authority for Literacy and Adult Education, the Coptic Evangelical Organization for Social Services, and the Bishopric of public services of the Coptic Orthodox Church.
Banque Misr's contribution at this major program is considered a part of his leading role at corporate social responsibility (CSR). Banque Misr is considered one of the largest banks with a legacy in this field of and one of the most conscious institutions in terms of environmental and social responsibilities, as well as government regulations that fall within the responsibilities of the institutions. This compliments its performance standards and the long-term sustainability of its business.
Banque Misr is also the first state-owned bank to be accredited according to the Global Reporting Initiative (GRI) standards for sustainability. It also issues its business report in accordance with the principles of sustainability by taking into consideration governance and human rights, combating corruption, social inclusion and environmental safety standards. The bank also adheres to the UN Global Compact standards for citizenship (corporate social responsibility). It is worth noting that Banque Misr spent EGP700mln for social development sector in FY 2017/2018.
It is worth noting that Banque Misr engages in several activities supporting social development, especially any activities related to improving human resources through education, creating job opportunities for youth and female breadwinners, health, and developing the Egyptian villages; so as to Banque Misr would remain a role model for all the institutions operating at social development sector for achieving sustainable development.
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