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Banque Misr Named Best Service Provider for Non-Financial Institutions in Egypt and Africa 2020 by Euromoney Magazine and Fastest Growing Banking Transactions by The Global Economics Magazine
Banque Misr recently attained the first classification as best service provider for non-financial institutions in Egypt and Africa – 2020, in a survey on cash management solutions and trade financing transactions, by global Euromoney magazine. This marks the second consecutive year in which the Bank achieves said classification in Egypt – insofar as cash management – while maintaining the same classification from Euromoney magazine, in what is considered a continuity of the success and achievements realized by the Bank’s corporate banking products sector. These endeavors had also earned Banque Misr recognition as the “Fastest Growing Bank in Cash Management” – 2018 and 2019; the “Fastest Growing Bank in Trade Financing – Egypt” for 2018, 2019 and 2020 from Global Banking and Finance Review; as well as “Best Bank in Cash Management – Egypt 2020” and “Best Bank in Trade Financing – Egypt 2020” from Asian Banking and Finance 2020; and “Fastest Growing Banking Transactions” from The Global Economics Magazine.
These accolades crown the Bank’s efforts and strides made in the corporate banking products sector, whereby it seeks to provision innovative solutions and products to its corporate customers, in order to enable them to engage in their respective business practices safely and conveniently, in light of the adjustments imposed due to the COVID-19 crisis. As such, Banque Misr has rendered the latest digital banking solutions allowing corporate customers to perform their banking transactions seamlessly and securely, as per state directives and in line with the pursuit by the Central Bank of Egypt, which calls for providing exceptional solutions towards the management of collection and payment transactions. This was achieved by directly linking the Bank’s systems to customers, such as to save time and reduce operational costs.
Banque Misr was also receptive to the needs of citizens – insofar as goods and services – and therefore fulfilled the requirements of its corporate customers by providing global trade financing products (LCs and documented collection) in addition to working capital financing products that are customized to cater to customers, in a manner that contributes to driving economic activity and promotes the state’s plans for growth and development.
The Bank’s acquisition of this extensive list of awards and accolades comes as a certificate of entitlement to the trust and confidence of its customers, who are considered mainstays in its endeavors. The Bank consistently seeks to improve its services, maintain its long-term successes and effectively participate in offering services that fulfil the needs of customers; since the values and strategies of Banque Misr reflect its commitment and dedication to sustainable development and to achieving prosperity for Egypt.
Banque Misr’s acquisition of awards for best service provider, fastest growing cash and payment solutions and financing operations continues its legacy of being recognized in various business sectors by global institutions; owing to it being a pillar of the national economy and the first bank to be wholly-owned by Egyptians.