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Banque Misr Contributes EGP 300 Million and Inaugurates Shefaa Al Orman Children’s Cancer Hospital in Luxor, Named After the Bank
28/02/2021

Mr. Mohamed El-Etreby – Chairman of the Board of Banque Misr participated in inaugurating phase three of the children’s cancer treatment building at Shefaa Al Orman in Luxor, which carries the name of Banque Misr, in the attendance of Dr. Khaled Al-Anani – Minister of Tourism and Antiquities, Mrs. Nevine Elkabbaj – Minister of Social Solidarity, Mr. Mahmoud Shaarawy – Minister of Local Development, Mr. Mohamed Manar – Minister of Civil Aviation, Mr. Mohamed Alham – Governor of Luxor and Mr. Mohamed Abulenein – Deputy Speaker of the Egyptian Parliament. This is in addition to distinguished statesmen and hospital staff. The inauguration took place on Saturday, 27th February 2021, where the Chairman of Banque Misr reiterated the Bank’s cooperation with Al Orman Charity, through contributing to Shefaa Al Orman hospital, which is considered one of the largest charity projects in Egypt; emphasizing Banque Misr’s strive to provide comfort and relief for patients and their families in Upper Egypt. As such, they will not be compelled to travel in order to receive treatment. The Bank had contributed a sum of EGP 300 million to complete the construction work and furnishings of phase three of the hospital, which contains various cancer treatment departments such as ER, diagnostic radiology, specialized out-patient clinics; in addition to admissions, physical therapy and other units. The hospital aims to provide comprehensive medical and treatment services to cancer patients in Upper Egypt, whereby through this collaboration, Banque Misr leads by example insofar as corporate social responsibility.

Also worth noting is that the Bank diligently supports social responsibility – as a pillar of sustainable development – by contributing to the comprehensive development of various sectors. This includes education, health, the most deserving villages, the provisioning of employment opportunities for youths and female breadwinners and all that relates to the advancement of the “human” factor; to fight poverty and improve quality of life. The Bank works with non-profit Civil Society organizations and supports families in need, reflecting its leading role in corporate social responsibility. As such, Banque Misr has expended some EGP 1.5 billion in this field during FY 2019/2020, of which EGP 600 million were channeled towards mitigating the impact of COVID-19.

Banque Misr is considered one of the largest and most experienced banks in the area of 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.

Worth noting is that Banque Misr keenly renders the best possible means of communication with its allies to enhance effective collaboration, through forging long-term partnerships with the government and local and international organizations. This is for the purpose of achieving sustainable development and prosperity for Egypt.

Banque Misr has recently achieved several international awards in the field of corporate social responsibility, among which was the award for “Best CSR Bank – Egypt” from International Business Magazine for 2018, 2019 and 2020; “Best CSR Bank – Egypt” from International Finance Magazine for 2019 and 2020; “Best CSR Bank – Egypt” from Global Banking and Finance Review for 2019 and 2020; “Best CSR Bank – Egypt 2020” from Cosmopolitan the Daily; and “Best CSR Bank – ME 2020” from Asia Money – Euro Money.