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Chairman of Banque Misr Receives “Arab Best Award 2020”
15/12/2020

Mr. Mohamed El Etreby – Chairman of the Board of Banque Misr – was awarded  “Arab Best Award 2020” in the distinguished banking leadership category, which is awarded to the most influential personalities in the economy and the field of comprehensive development. The honor came as part of the celebrations held by the Academy of Excellence Awards – Dubai for selecting the most outstanding personalities, in support of the efforts of distinguished leaders and in appreciation of those whose initiatives and achievements have positively impacted peoples’ lives. The shortlisted candidates were selected in accordance to specific criteria; the most important of which was the impact on their respective communities, positive strength and contributions to the realization of goals – on both a state and communal level.

The event was broadcast live from Dubai Media City  on Tuesday, 24th November and the awards were presented to the winners via video conference. This is in light of the safety measures and precautions currently in place for combating the second wave of COVID-19.

Worth noting is that Mr. El Etreby had previously won a number of honorary awards and accolades for his outstanding role in serving the national economy, such as the BT 100 award for the most influential personality in the Egyptian economy 2019 for the third consecutive year from Business Today magazine. Mr. El Etreby also won Banker of the Year award in 2018 from British The European magazine.

Also worth noting is that under the leadership of Mr. El Etreby, Banque Misr attained numerous awards in various business sectors from several global organizations, in appreciation and recognition of its accomplishments and efforts in multiple sectors. In the field of financing small and medium enterprises and microfinance, Banque Misr attained the award for “SME Bank of the Year Egypt – 2020” from Global Business Outlook, in addition to “Most Innovative SME Bank – Egypt 2020” from International Finance magazine; and “Best SME Partner Bank – Egypt 2020” from British The European magazine. 

In the field of cash fund management, the Bank achieved the award for “Best Bank in Managing Cash Funds and Short-Term Investments in the Middle East – 2020” for the twelfth consecutive time, from Global Finance magazine, which is one of the largest and most renowned financial magazines worldwide and is based in New York. The magazine utilizes a complex matrix of international financial criteria in the selection of award winners, while also gauging the opinion of a distinguished panel of international analysts and bankers. This award is presented to the most outstanding bank in the Middle East, exhibiting superior indices for profitability, customer service, market share, competitive rates and adoption of state-of-the-art banking technologies, in comparison to other banks.

In the area of Islamic banking, Banque Misr succeeded in achieving several awards, including “Deal of the Year (Islamic Finance) Africa 2020” from The Banker – Financial Times; “Best Bank for Islamic Transactions – Egypt” for the years 2019 and 2020 from International Business magazine; and “Best Bank for Islamic Banking - Egypt 2019 and 2020" from Global Banking and Finance Review magazine.

In the area of corporate social responsibility, the Bank won the award for “Best CSR Bank – Egypt” from International Business magazine for 2018, 2019 and 2020; and “Best CSR Bank - Egypt 2019 and 2020” from International Finance magazine. This is in addition to “Best CSR Bank - Egypt 2019 and 2020” from Global Banking and Finance Review; and “Best CSR Bank - Egypt 2020” from Cosmopolitan the Daily magazine.


 

In the category of banking products for corporations and financial institutions, the Bank won the award for “Fastest Growing Trade Finance Bank Egypt” for the years 2018, 2019 and 2020 and “Fastest Growing Cash Management – Egypt” for 2018 and 2020 from Global Banking and Finance Review magazine. The Bank also achieved first classification as “Best Service Provider – Egypt and Africa 2020”; “First Classification as Market Leader – Egypt 2020” according to Euro Money’s survey of trade financing; “Egypt Domestic Trade Finance Bank of the Year – 2020” and “Egypt Domestic Cash Management Bank of the Year – 2020” from Asian Banking and Finance magazine.

The Bank also won the award for “Securitization of the Year – Africa” for the years 2019 and 2020 from The Banker International magazine - “Financial Times”, as well as several awards from Global Brands magazine; namely “Best Corporate Banking Brand - Egypt” for 2019 and 2020; the “Best Retail Banking Brand - Egypt 2020”; the “Best Customer-Centric Banking Brand - Egypt 2020” and “Banking Brand of the Year - Egypt 2020” from Global Banking and Finance Review. This is in addition to attaining an advanced ranking in the global list of top 1000 banks by The Banker magazine – “Financial Times" and "Innovative Digital Bank of the Year – MENA 2020" from British The European magazine.

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.