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Banque Misr Contributes EGP 30 Million to Complete Equipment Installations at Al-Nas Children’s Hospital
Mr. Mohamed El-Etreby – Chairman of the Board of Banque Misr – concluded a cooperation protocol on Wednesday, 26th February 2020 with Al-Joud Foundation in the amount of EGP 30 million to support the radiology center at Al-Nas Children's Hospital. Representing the Foundation was Mr. Mamdouh Abbas – Chairman of the Board of Trustees – in the attendance of Mr. Akef El-Maghraby – Deputy Chairman of the Board of Banque Misr – and Representative Anissa Hassouna – Hospital CEO. This is in addition to a select assembly of distinguished leaders representing the two parties. The protocol comes in light of the pioneering role assumed by Banque Misr in the field of corporate social responsibility, due to this being one of the main tenets in which the Bank passionately believes.
Worth noting is that Al-Nas Children’s Hospital is located in the densely populated neighborhood of Shubra Al-Kheimah and is considered one of the largest and most prominent medical centers in the Arab region and Africa, whose three phases stand at a total capacity of some 600 beds. The hospital serves all patients on a free-of-charge basis in accordance with best practices and latest global standards and technologies, with the assistance of highly qualified professionals.
The conclusion of this protocol underscores the leading role assumed by Banque Misr in the realm of corporate social responsibility, which is a role played both directly and indirectly through the Bank’s non-profit foundation "Banque Misr Foundation for Community Development", which holds registration number 7045/2007 and aims to develop and assist the Egyptian community by partaking in a number of activities and initiatives of a social nature, as well as to achieve the best for society in general. This is done in multiple fields including health, education, social solidarity and societal development – as exemplified by developing and improving the most deserving Egyptian villages via micro, small and medium enterprises and contributing to the provisioning of employment opportunities for youths and female breadwinners; in collaboration with Civil Society organizations. This is in addition to the development of slum areas and all that relates to the advancement of “human” capital. Banque Misr consistently promotes the forging of partnerships between all sectors of Egyptian society, by providing an exemplary model to be emulated, so as to contribute to achieving sustainable social development.
Furthermore, Banque Misr is considered one of the largest and most experienced banks in the area of corporate social responsibility; and the most environmentally aware and responsible, insofar as governance regulations, which complement its principles of long-term performance and sustainability. Banque Misr is the first state-owned bank to receive the approval of the General Reporting Initiative (GRI) and reports its business in accordance with the principles of sustainability; by taking into consideration such tenets as governance, human rights, anti-corruption, social participation and environmental safety standards. The Bank also complies with UN Global Compact for Citizenship (Corporate Social Responsibility) standards; and has expended some EGP 760 million in community development during the fiscal year 2018/2019.
Banque Misr has recently attained several international awards in the field of corporate social responsibility, among which was the award for “Best Bank in Social Responsibility – Egypt 2018”; and the award for “Best Bank in Environmental Sustainability – Egypt 2019” from Global Business Outlook magazine; and the award for “Best Bank in Social Responsibility – Egypt” from International Business magazine for 2018 and 2019. The Bank also attained the award for “Best Bank in Social Responsibility in Egypt for 2019” from International Finance magazine, British Global Brands magazine and Global Banking and Finance Review.
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