This year, Banque Misr has been honored with the award for the best bank in managing money market funds and short-term investments in the Middle East for the year 2023. This marks the fifteenth time that the bank has received this prestigious award from Global Finance, one of the world's largest specialized financial magazines based in New York. The magazine selects these banks based on a wide range of international banking standards and the opinions of a distinguished group of analysts and international bankers.
This award is a testament to Banque Misr's position as the best bank in the Middle East, recognized for its profitability, quality of customer service, market share, competitive pricing, innovative banking technologies, and its consistent success. Banque Misr previously received the award for the best bank for cash and liquidity management and money market funds in Africa and the Middle East for the years 2009 and 2010, and in the Middle East for the years 2008, 2012, 2013, 2014, and 2015. The bank also received the award for the best bank in managing money market funds and short-term investments in the Middle East for the years 2015, 2016, 2017, 2018, 2020, 2021, and 2022, and in Africa and the Middle East for the year 2019.
Achieving this title for the fifteenth time is a testament to the bank's continued leadership in the investment sector. Banque Misr's investment funds consistently deliver some of the highest returns in the Middle East, thanks to the efficient management of the bank's investment funds in cooperation with leading companies specializing in fund and portfolio management. Banque Misr offers a wide range of investment funds to meet the diverse needs of individual and institutional customers, aligning with market changes and modern banking practices. In addition to its investment offerings, the bank provides a full range of financial and investment services, including investment banking, custodian services, securities, bond promotion and issuance, marketing, real estate development, and investment trustee services.
Banque Misr's Financial Markets and Investment segment manages a diversified direct investment portfolio that spans multiple sectors, including tourism, services, construction, housing, agriculture, food, ICT, and more. The bank holds stakes in 165 companies with a total book value of EGP 60.1 billion as of December 31, 2022.
CI Capital, Banque Misr's investment bank, has a strong track record in the debt markets, managing 45 sukuk and bond issues with a total value of nearly EGP 60 billion since 2016. The company has played a significant role in introducing new issuers and investors to the Egyptian debt market, contributing to market depth and diversifying its investor base. In 2022, CI Capital introduced securitization bond issuance as a financing tool for various sectors and startups for the first time in Egypt. A fintech startup completed the first securitization bond issuance in the Egyptian market through cooperation with CI Capital.
It is worth mentioning that Banque Misr has received 73 awards and accolades for the year 2022 from major international institutions and magazines. These awards underscore the bank's commitment to excellence, strong performance, financial stability, and the ability to achieve consistent growth. Banque Misr's strategy, diversification of its asset base, and its dedication to delivering services efficiently using cutting-edge global technology has led to its position as the bank with the largest customer base for funds, enhancing its ability to meet diverse customer requirements and needs."
