The World Union of Arab Bankers honored Mr. Mohamed El-Etreby –
Chairman of Banque Misr – on the occasion of the Bank’s attainment of the award
for “Best Egyptian Bank in Major Projects Financing”, during a ceremony held in
Beirut, Lebanon on Friday, 18th December 2020. In selecting the
winners, WUAB considers a set of internationals standards as well as the
opinions of a select panel of specialized analysts. In his capacity as Chairman
of the Federation of Egyptian Banks, Mr. El-Etreby also received the award for “Outstanding
Performance of the Federation of Egyptian Banks in Facing the COVID-19 Crisis”,
thanks to the exceptional efforts exerted by FEB since declaring the
coronavirus a global pandemic, insofar as prioritizing the health and safety of
banking sector employees and customers.
The Bank’s attainment of this accolade manifests its status as one
of the largest and leading national banks in the field of financing major
projects in various sectors. The Bank managed to complete the arrangement,
financing and participation in 9 financing transactions totaling EGP 81.33
billion from 01/07/2019 to 30/6/2020 in a multitude of industries including
real estate investment, contracting, petroleum and gas, building materials and
financial services. Banque Misr’s coverage guarantee in the aforementioned
deals amounts to approximately EGP 32 billion.
In light of the intensive marketing plans adopted by the Bank to
attract new customers and financing transactions, coupled with its commitment
to realizing strategic and development objectives with the aim of supporting
the national economy in all sectors and domains, Banque Misr currently seeks to
complete 25 major financing transactions – targeted and under consideration –
in various industries such as real estate investment, land transport, petroleum
and gas, agricultural crops, fertilizers, petrochemicals, contracting, education,
tourism and others, valued around EGP 120.32 billion. Banque Misr’s anticipated
coverage guarantee in such transactions amounts to approximately EGP 28.21
billion and underscores the Bank’s pioneering role as a leading national bank
in the Egyptian banking market.
Owing to the efforts recently exerted in the field of corporate
credit and syndicated loans, Banque Misr has succeeded in attaining a number of
awards; among which is securing first place in the Egyptian banking market in
arranging and marketing syndicated loans for 2019, according to Bloomberg
international – a renowned expert in finance and banking. Bloomberg had also
announced that Banque Misr achieved fifth place in its syndicated loans list
for 2019, as the best financing marketer; and sixth place as principal arranger
of syndicated loans in Africa – among other global banks. The Bank also
achieved fifteenth place as the best finance marketer in the Middle East and
North Africa; upholding its continuous success in this field since 2015 and in
realizing exceptional results insofar as arranging and marketing syndicated
loans, as well as financing projects across the African continent.
The Bank’s acquisition of this extensive list of awards and
accolades comes as a
certificate of entitlement to the trust and confidence of its customers, who
are considered mainstays in its endeavors. The Bank consistently seeks to
improve its services, maintain its long-term success and effectively
participate in offering services that fulfil the needs of its customers; since
the values and strategies of Banque Misr reflect its commitment and dedication
to sustainable development and to achieving prosperity for Egypt.
