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For a Third Time, Banque Misr Achieves Award for "Best CSR Bank Egypt 2020" from International Finance Magazine
02/06/2020

Banque Misr has recently achieved the award for "Best CSR Bank Egypt 2020" from International Finance magazine for the third time; having achieved the same award from the same institution in 2017 and 2019. Worth noting is that UK-based International Finance magazine is one of the world's most renowned financial publications and bases its selection of winning banks on a set of stringent and specialized performance evaluation criteria, coupled with the nominated Bank's active strategy in the area of corporate social responsibility. This is in addition to the opinion and assessment of a panel of global analysts and bankers.

Banque Misr's attainment of this award crowns its efforts and underscore its pioneering role in the field of social responsibility, which constitutes a key pillar of its business; since the Bank is considered one of the largest and most experienced banks in the area of social development; 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 760 million in community development during the fiscal year 2019/2020.

Banque Misr has recently achieved several international awards in the field of corporate social responsibility, among which was the award for "Best Environment Sustainable Bank Egypt 2019" and "Best CSR Bank Egypt 2018" from the UK's Global Business Outlook magazine. The Bank also attained the award for "Best CSR Bank Egypt" for the years 2018 and 2019 from International Business magazine; and the awards for "Best Bank CSR Egypt 2019" from British Global Brands magazine; and "Best CSR Bank Egypt" for the years 2019 and 2020 from Global Banking and Finance Review.

The acquisition of such an extensive list of awards and accolades underscores Banque Misr's pioneering role and continuous capacity to achieve robust performance levels in the field of corporate social responsibility. Since its inception, the Bank has contributed to the prosperity of Egypt; for it not only seeks to achieve financial profitability, but also operates as a catalyst for national and strategic development, with an unwavering commitment to continuous sustainability and growth.