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Banque Misr Wins 90 Awards and Advanced Positions from Major International Institutions in 2023

Jan 16, 2024 03:09 PM

Banque Misr was commended by numerous global organizations in 2023 for its extraordinary accomplishments and efforts in various areas. For financing small and medium enterprises, Banque Misr was named “Best Bank for Small and Medium Enterprises - Egypt 2023” by International Investor, Brands Review, and The Digital Banker.

The bank also received “Most Innovative Bank for Small and Medium Enterprises - Egypt 2023” from World Economic. For its Islamic banking services for small and medium enterprises, the bank was awarded “Best Initiative and Best Product - Middle East, North Africa, and South Asia 2023” by The Digital Banker.

Banque Misr has been the recipient of many prestigious international prizes for its exceptional corporate social responsibility efforts. These honors include Bank with Best Social Responsibility in Egypt for 2023 from The European magazine, The Daily Cosmopolitan, Euromoney Excellence Awards, World Economic magazine, Brands Review, International Finance, and Business Tabloid.

The bank was also acknowledged for its outstanding achievement in social responsibility and sustainable development in Egypt for 2023 by The Global Economics magazine.

In banking products and services for companies and financial institutions, Banque Misr won Best Trade Finance Bank in Egypt for 2023 from Global Trade Review. In Euromoney's trade finance survey, the bank earned Leading Egyptian Market 2023, Top Service Provider - Africa 2023, and Best Service Provider - Egypt 2023. Banque Misr also ranked first in Euromoney's 2023 cash management survey for Government Sector Leader in Egypt, Mining Sector Leader in Egypt, Tourism Sector Leader in Egypt, Best Agricultural Services Provider in Egypt, Best Mining Services Provider in Egypt, and Best Bank for Tourism in Egypt.

In retail banking, the bank was given the best mobile banking services award for Egypt in 2023 from Cosmopolitan The Daily magazine.

The bank also won the best customer loyalty program and customer service award for Egypt in 2023 from International Investor magazine, and the best mobile banking app award for Egypt in 2023 from Gazette International magazine.

The bank received the best retail bank in Egypt award for 2023 from Global Brands magazine, Investor Media magazine and Mia Finance. The bank also won the most innovative electronic payment platform (banking services) award for its e-wallet app in Egypt for 2023 from Global Business Outlook magazine. It was given the Best Islamic Retail Bank in Egypt award for 2023 from Cambridge IFA and the Best Retail Bank in Egypt award for 2022 from Islamic Finance News.

In digital innovation, the bank was honored with Euromoney Magazine's Best Bank for Digital Solutions in Egypt award for 2023. It also received The Digital Banker Magazine's Best Digital Bank in Egypt award for 2023 and the Middle East Foundation for Technology Excellence's Leadership in Digital Banking Services in the Middle East award for 2023 in the Technology and Industry category.

In treasury and correspondent management, the bank won World Business Outlook magazine's Best Bank in Treasury Management in Egypt award for 2023. It also received awards from International Business magazine, International Gazette magazine, and Business Tabloid magazine. The bank also won two awards: Bank of the Year in Domestic Currency Management - Egypt 2023, and Bank of the Year in Foreign Currency Exchange - Egypt 2023 from the Asian Banking and Finance Magazine.

The bank was given The European magazine's Best Bank in Treasury Management in the Middle East and North Africa award for 2023, Best Bank in Treasury Management Liquidity in the Middle East and North Africa award for 2023, Best Bank in Cash Management in Egypt award for 2023, and Best Bank in Foreign Currency Exchange in the Middle East and North Africa award for 2023.

Banque Misr has proven itself as a leader in Sharia-compliant banking, providing funding for major corporations and organizing syndicated loans. The bank was honored with numerous recognitions in 2023, including Islamic Bank of the Year for Egypt from The International Gazette and Best Islamic Bank Award for Egypt from Euromoney.

The Banker magazine, affiliated with the Financial Times, granted Banque Misr's lending division "Operation of the Year" award for Loans in Africa. Several publications, including Cosmopolitan, World Business Outlook, Euromoney, and International Finance, selected Banque Misr as the Best Bank for Corporate Credit in Egypt. The International Gazette and Global Business Outlook also gave Banque Misr awards for Fastest Growing Bank for Corporate Credit in Egypt. Capital Finance International singled out Banque Misr’s corporate banking team as the Best Corporate Banking Team for Egypt.

The IG Global Foundation recognized Banque Misr with three honors for 2022: Best Digital Infrastructure Deal of the Year for the Middle East and North Africa; Best Oil and Gas Deal of the Year for the region; and Best Telecommunications Deal of the Year for the area.

EMEA Finance granted Banque Misr multiple distinctions in 2022 as well, including Best Structured Finance Deal of the Year for Africa; Best Export Finance Deal of the Year with export credit agencies; Best Structured Finance Deal of the Year for North Africa; Best Local Currency Finance Deal of the Year for Africa; Best Restructuring Deal of the Year for Europe, the Middle East and Africa; Best Entertainment Project Finance Deal of the Year for Africa; Best Project Finance Deal of the Year for the continent; Best Infrastructure Finance Deal of the Year for Africa; Best Communications Deal of the Year for Africa; and Best Industrial Deal of the Year for the region.

According to Bloomberg's 2023 list of syndicated loans, Banque Misr ranked second in Egypt and third in Africa for arranging syndicated loans.

In the finance and investment sector, Banque Misr was honored as the top bank in managing money market funds and short-term investments in the Middle East for 2023 by Global Finance magazine.

For internal auditing, Banque Misr received the Best Bank in Internal Auditing Award - Egypt 2023 from World Business Outlook and International Business publications.

For human resources, Banque Misr was awarded the Best Bank in Human Resources Development Award - Egypt 2023 from Global Brands Magazine, and the Best Employee Training and Development Program Award - Middle East and Africa 2023 from The Digital Banker.

Banque Misr was also named Bank of the Year - Egypt 2023 by International Investor and Global Gazette magazines. It also received the Best Bank Award - Egypt from Investor Media, World Finance 2023, and Brands Review magazines. Banque Misr was among the top 50 safest banks in Africa 2023 according to Global Finance. It also won the Most Trusted Brand Award - Egypt 2023 from Global Brands and Investor Media. Banque Misr was presented with the Century of Excellence award - Egypt 2023 by Global Banking and Finance Review.

Banque Misr received ISO 37000:2021 for corporate governance, ISO 37301:2021 for compliance management, and ISO 20400:2017 for sustainable purchasing from Eurocert. It was honored as best bank in corporate governance - Egypt 2023 by Investor Media. It received a 2022 PCI compliance certification for securing electronic payment card data from Control Case. Banque Misr was given the Banking Excellence and Achievement Award in Commitment to Achieving Sustainable Development Goals from the International Union of Arab Bankers - 2022. Chairman Mohamed El-Etreby was named among the top 100 CEOs in the Middle East by Forbes Middle East 2023.

These awards validate Banque Misr’s trustworthiness and customer focus. The bank continually improves services to maintain long-term success and effectively participate in meeting customer needs. Banque Misr’s values and strategies reflect commitment to Egypt’s sustainable development and prosperity.