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Banque Misr Named "Best Bank for Islamic Banking" and "Best Bank in Social Responsibility in Egypt – 2019" by International Finance Magazine
anque Misr achieved the award for "Best Bank for Islamic Banking" and "Best Bank in Social Responsibility in Egypt – 2019" by International Finance Magazine. Receiving the honor on the Bank's behalf were Mr. Hussam Eldin Abdel Wahab – Banque Misr Deputy Chairman – and Mr. Hussam Raouf – Director of International Operations and External Branches at Banque Misr – during a ceremony held in the United Arab Emirates on Thursday, 23rd January 2020. Worth noting is that International Finance Magazine is considered one of the more specialized magazines in the field. Headquartered in the United Kingdom, it utilizes a set of international banking criteria in the selection of award winners, while also gauging the opinion of a distinguished panel of international analysts and bankers.
Banque Misr is considered one of the largest and most experienced banks in the area of social responsibility; and amongst the most environmentally aware and socially responsible, insofar as governance regulations, which complement its principles of long-term performance and sustainability. It 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, communal participation and environmental safety standards. The bank also complies with UN Global Compact for Citizenship (Corporate Social Responsibility) standards; and has expended some 750 million EGP towards community development during the fiscal year 2018/2019.
Banque Misr has recently acquired 23 international awards and accolades from prominent global institutions and magazines. In the area of Islamic banking, Banque Misr succeeded in attaining several awards, including the "Best Bank for Islamic Banking – Egypt 2019" from International Business magazine; the "Best Bank for Islamic Transactions – Egypt" for the years 2018 and 2019 from British Global Business Outlook magazine; the "Best Bank for Islamic Banking – Egypt" for the years 2018 and 2019 from International Finance magazine; and the "Best Bank for Islamic banking - Egypt 2019" from Global Banking and Finance Review magazine.
Under the corporate social responsibility category, Banque Misr was also successful in acquiring numerous honors, among which was the award for "Best Bank in Environmental Sustainability – Egypt 2019" from Global Business Outlook magazine; the award for "Best Bank in Social Responsibility – Egypt" from International Business magazine for 2018 and 2019; and "Best Bank in Social Responsibility in Egypt for 2019" from International Finance magazine, British Global Brands magazine and Global Banking and Finance Review.
The Bank's acquisition of these accolades pinnacles its persistent efforts, pioneering role and proven track record in achieving robust performance levels, capitalizing on its continuous growth. Banque Misr was established with the vision of meaningfully contributing to the prosperity of Egypt and for some 100 years has stayed true to its vision; namely availing banking services to Egyptians of all segments. As such, the Bank not only strives to attain financial profit, but also acts as an effective catalyst for national and strategic development; cementing its commitment to sustainability and continuous evolution.
Banque Mist consistently seeks to enhance and grow the value of services offered to customers, fulfilling their needs and requirements, while utilizing cutting-edge technologies that ensure the rendering of services in a most efficient and effective manner.
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