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Banque Misr Achieves 5 Awards from British The European Magazine in the Category of Funds, Correspondents and Financial Institutions in the Middle East and Africa – 2021
Banque Misr achieved 5 awards from British The European Magazine in the category of funds, correspondents and financial institutions for “Best Treasury Management”, “Best Cash Management”, “Best Fixed Income Instruments”, “Best Foreign Exchange” and “Best Foreign Exchange Liquidity Provider” in the Middle East and Africa 2021.
Worth noting is that these accolades are awarded to the winning bank pursuant to a number of technical standards through which the Bank’s performance is analyzed. Assessments of candidates are made on the basis of specialized and industry-specific criteria linked to the performance and strategy of the institution; whereby The European magazine selects the winning nominee following evaluation by a select panel of banking experts.
The awards reaped by Banque Misr acknowledge the efforts exerted by the funds, correspondents and financial institutions sector; as well as the role of the Bank’s treasury sector, which has been pivotal in managing liquidity through various instruments in order to fulfil the funding needs of both individuals and corporates. This is together with investing surplus funds to optimize revenues and manage risks. Moreover, the sector provides tailored solutions that surpass products and services to include various financial and engineering tools; while being one of the most active players in covering the issuances of the Ministry of Finance for servicing public debts and maintaining a favorable status in the secondary market. The funds sector also renders to its retail and corporate customers monetary management services – both local and international – including the financing of commercial activities and currency exchange transactions. Banque Misr also provisions an extensive range of services that support customers in realizing their goals, externally. The Bank has built a sound reputation for being one of the best providers of fund, correspondent and financial institution services globally, thanks to innovating money-saving and cost-effective solutions.
Worth noting is that the Bank’s status and international presence has been reinforced through an extensive network of branches, subsidiary and correspondent banks, via which Banque Misr ensures smooth and seamless financial and banking transactions to customers internationally. The Bank also actively cooperates with correspondent banks to provide funding resources in foreign currencies, through short and medium-term loans as well as financing solutions catering to commercial activities.
Banque Misr’s achievement of these awards comes as a certificate of entitlement of the trust of its customers, which are considered mainstays of its success. The Bank consistently seeks to render new products, activities and solutions that fulfil the requirements and expectations of its clientele.