Banque Misr achieved 5 awards from British The European Magazine
in the category of funds, correspondents and financial institutions for “Best
Treasury Management”, “Best Cash Management”, “Best Fixed Income Instruments”,
“Best Foreign Exchange” and “Best Foreign Exchange Liquidity Provider” in the
Middle East and Africa 2021.
Worth noting is that these accolades are awarded to the winning
bank pursuant to a number of technical standards through which the Bank’s
performance is analyzed. Assessments of candidates are made on the basis of
specialized and industry-specific criteria linked to the performance and
strategy of the institution; whereby The European magazine selects the winning
nominee following evaluation by a select panel of banking experts.
The awards reaped by Banque Misr acknowledge the efforts exerted
by the funds, correspondents and financial institutions sector; as well as the
role of the Bank’s treasury sector, which has been pivotal in managing
liquidity through various instruments in order to fulfil the funding needs of
both individuals and corporates. This is together with investing surplus funds
to optimize revenues and manage risks. Moreover, the sector provides tailored
solutions that surpass products and services to include various financial and
engineering tools; while being one of the most active players in covering the
issuances of the Ministry of Finance for servicing public debts and maintaining
a favorable status in the secondary market. The funds sector also renders to
its retail and corporate customers monetary management services – both local
and international – including the financing of commercial activities and
currency exchange transactions. Banque Misr also provisions an extensive range
of services that support customers in realizing their goals, externally. The
Bank has built a sound reputation for being one of the best providers of fund,
correspondent and financial institution services globally, thanks to innovating
money-saving and cost-effective solutions.
Worth noting is that the Bank’s status and international presence
has been reinforced through an extensive network of branches, subsidiary and
correspondent banks, via which Banque Misr ensures smooth and seamless
financial and banking transactions to customers internationally. The Bank also
actively cooperates with correspondent banks to provide funding resources in
foreign currencies, through short and medium-term loans as well as financing
solutions catering to commercial activities.
Banque Misr’s achievement of these awards comes as a certificate
of entitlement of the trust of its customers, which are considered mainstays of
its success. The Bank consistently seeks to render new products, activities and
solutions that fulfil the requirements and expectations of its clientele.
