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Banque Misr Wins Award for “Best CSR Bank Egypt 2020” from International Business and Cosmopolitan the Daily
10/08/2020
Banque Misr has recently won the award for “Best CSR Bank Egypt 2020” from International Business and Cosmopolitan the Daily, which base their selection of winning institutions on a set of stringent global banking standards - including performance, strategy, corporate social responsibility activities - in addition to the opinion of a select panel of global analysts and bankers.

 
The Bank’s attainment of these two awards further emphasizes its pioneering role in the field of corporate social responsibility, since Banque Misr is considered one of the largest and most experienced banks in that domain 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; and has expended some EGP 1.4 billion in community development during the fiscal year 2019/2020, with its total contributions amounting to more than EGP 3.2 billion over the previous five years.

 
Banque Misr’s participation in the area of corporate social responsibility constitutes a mainstay of its business ethic and is undertaken both directly and indirectly, via the Bank’s independent non-profit foundation "Banque Misr Foundation for Community Development", which is registered under no. 7045/2007 for the purpose of developing and assisting Egyptian communities. This is through partaking in activities and initiatives that are of a communal nature; as well as striving to achieve the best for society in general, insofar as various fields including education, social solidarity and communal development; coupled with supporting the most deserving Egyptian villages via small and micro enterprises that create job opportunities for youths and female breadwinners. Such initiatives are undertaken in collaboration with civil society organizations, including the development of slum areas and all that relates to furthering human development.

 
Worth noting is that Banque Misr has achieved several international awards in the field of corporate social responsibility, among which was the award for “Best Bank in Environmental Sustainability – Egypt 2019” and “Best Bank in Social Responsibility – Egypt  2018” from British Global Business Outlook magazine; and the award for “Best Bank in Social Responsibility – Egypt” from International Business magazine for 2018 and 2019. The Bank also attained the award for “Best Bank in Social Responsibility - Egypt for 2019” from British Global Brands magazine; and “Best CSR Bank - Egypt” for 2019 and 2020 from Global Banking and Finance Review and “Best CSR Bank - Egypt” for the years 2017, 2019 and 2020 from International Finance magazine.

 
These awards and accolades crown the efforts of Banque Misr and underscore its pioneering role and continuous ability to achieve strong performance levels in the field of social responsibility. The Bank has greatly contributed to Egypt’s prosperity since its establishment, as it not only strives to post financial profits, but also assumes the role of catalyst to national and strategic development. This emphasizes its commitment to sustainability and continuous development. Banque Misr consistently encourages partnerships between all sectors of Egyptian society, through leading by example, in order to contribute to achieving sustainable community development.