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The international Asiamoney(Euromoney) awards Banque Misr the Best bank award in the Middle East and Africa in 2019 for the second year in a row
24/10/2019
As part of the " Belt and Road" initiative, the international magazine "Asiamoney" (Euromoney) recently awards Banque Misr the "Best Bank" award in the Middle East and Africa for 2019 for the second year in a row. The bank was also awarded several awards by the same institution. Banque Misr was named the best bank in recognition of its continuous efforts to support the Belt and Road initiative and help it realize its full potential. This is achieved through transactions that support Chinese trade, financing projects, loans, capital market transactions, established partnerships with the Chinese end, and the capacity of the bank to serve trade and investment associate with the initiative through its representative offices in China, and the corresponding banks, to name some.
 
In addition to the Asiamoney award, Banque Misr recently won several awards in various business sectors from many prestigious international institutions for the previous period. In the SME financing field, "Corporate livewire" magazine awarded the bank the "Bank of the year for financing SMEs" in Africa for the year 2019. And when it comes to the management of money market funds, the bank won multiple awards for its valued efforts, including the "Best Provider of Short-Term Investments & Money Market Funds" award in the Middle East and Africa for the year 2019, from the "Global Finance" magazine for the eleventh time. Residing in New York, Global Finance is one of the most prestigious financial magazines in the world, and it bases its selection of the winners on a long list of international banking criteria alongside the opinions of a select group of international bankers and analysts. The criteria for the award given to the best bank in the Middle East includes profitability, quality of service provision to customers, market share, competitive prices in comparison to other banks, and employment of the most recent innovative banking technologies. Banque Misr has managed to maintain its position on the top for quite a while; winning the "Best provider of Cash & Liquidity Management, and Money Market Funds" award in the Middle East and Africa for the years 2009 and 2010, and in the Middle East for the years 2008, 2012, 2013, 2014, and 2015, and the " Best Provider of Short-Term Investments & Money Market Funds" for the years 2015, 2016, 2017, and 2018.
 
Thanks to its continuous efforts during the previous period in the field of corporate credit and mutual funds, Banque Misr won several awards, including the second place for the organization of mutual funds and project financing in Africa, with a market share of up to 5.5%, in the evaluation conducted for banks by the international "Bloomberg" institution for the first half of 2018. In addition, Banque Misr came in the third place for mutual fund marketing and project financing, also in Africa, with a market share of 6.8%. Banque Misr has kept its advanced position in the race in Africa since 2015, in continuation of its efforts to achieve distinctive results in the organization and marketing of mutual funds and project financing in the African continent. On top of that, Banque Misr won the "Best Egyptian bank for syndicated loans and project finance" award for the year 2018, from the "World Union of Arab Bankers", as well as the "Best Project Finance House" in Africa for the year 2017 - the third year in a row -, from the "EMEA Finance" institution.
 
Furthermore, Banque Misr won 6 other awards from EMEA Finance for the year 2018 with respect to different financing transactions in which Banque Misr has played the role of the lead arranger in collaboration with a number of the most distinguished and pioneer banks in the banking field. The bank was granted the awards for financing transactions in different sectors; such as Cement, Petrochemicals, Building Materials and Communication sectors. The Project Finance Awards and Achievement Awards emphasize the pioneer role that Banque Misr plays in supporting the Egyptian economy in different fields. In addition, Banque Misr was granted the "Best Mega Project Finance House" for the year 2019 by the World Union of Arab Bankers.
 
The success of Banque Misr is also evident in the Islamic banking sector, where it won many awards, including "Best Bank for Islamic Transactions" in Egypt for the year 2019, from the "International Business" magazine, as well as " Best Bank for Islamic Transactions" in Egypt for the years 2018 & 2019, from the British "Global Business Outlook", and " Best Bank for Islamic Transactions" in Egypt for the years 2018 & 2019 from the "International Finance" magazine. 
 
The bank has also received several international awards for its corporate social responsibility efforts, including "Best CSR Bank - Egypt" for the year 2018, and "Best Environmental Sustainable Bank - Egypt" for the year 2019, from the British magazine "Global Business Outlook", as well as "The Best Bank in Social Responsibility – Egypt" for the years 2018 and 2019 from the "International Business" magazine. In addition, Banque Misr has been recognized as the "Most Socially Responsible Bank - Egypt" for the year 2019 by the "International Finance" magazine, and won the "Best CSR Bank - Egypt" award for the year 2019 form the British magazine "Global Brands".
 
The awards continue to include the "Best Egyptian Bank for Banking Transactions with Asia" for the year 2019 from "Asiamoney" magazine (Euromeny) and "Transaction of the Year" in Africa for the year 2019 by the international "The Banker" magazine, an associate of the "Financial Times", as well as the "Best Commercial Brand" in Egypt for the year 2019, from "Global Brands" magazine.
 
The long list of awards granted to Banque Misr is the culmination of its efforts to gain its customers trust who are always at the center of all plans and actions. Banque Misr is always striving to provide its customers with state-of-the-art products and services that fulfill their existing and expected needs.