Banque Misr recently received four awards from The Digital Banker magazine during the virtual event held by the magazine to announce the winners of the Banking Innovation Awards for the Middle East and Africa. The bank won the following awards:
1. Best Digital Bank in Egypt 2023
2. Best SME Bank in Egypt 2023
3. Best Islamic Banking Product for SMEs in the Middle East and Africa 2023
4. Best Employee Training and Development Program in the Middle East and Africa 2023
The magazine's selection of these winners is based on a wide range of international standards and the opinions of a distinguished group of analysts specializing in relevant fields.
These awards are a testament to the bank's commitment and the trust of its valued customers. The Digital Banker International Awards recognize Banque Misr's dedication to digital transformation. The bank continually strives to offer electronic solutions that align with customer needs, recognizing that technology is a rapidly evolving variable in today's global economy. Pursuing this technological development is of utmost importance, and Banque Misr endeavors to localize advanced technological services across various domains. This commitment ensures the bank remains aligned with global advancements and contributes to the enhancement of banking and financial services, leveraging promising avenues for development. Digital transformation is a core element of the bank's strategy, and it continues to invest in this area.
Banque Misr's receipt of the "Best Digital Bank in Egypt" award acknowledges its leadership in digital transformation. The bank aims to provide customers with the best banking experience and a suite of digital products that enhance efficiency and effectiveness, ultimately driving profitability.
In the realm of small and medium enterprises (SMEs), Banque Misr has introduced the "Express" loan and Murabaha for financing small projects. This innovative offering represents Egypt's first digital loan in the field of project financing, catering to diverse customer needs. Customers can apply for small project financing online through Banque Misr's website, eliminating the need to visit a branch. The streamlined online process enables customers to easily follow loan procedures step by step. Consequently, online small project financing through Banque Misr is the fastest in Egypt, with approvals granted within five days, subject to the applicable terms and conditions.
Banque Misr is committed to supporting SMEs of all sizes and fostering entrepreneurship as a catalyst for economic growth. The bank engages in various initiatives and collaborations aimed at empowering small and micro-enterprises. Notably, Banque Misr participates in the "NilePreneurs" initiative launched by the Central Bank of Egypt. This initiative involves the activation of business development centers offering comprehensive non-financial and advisory support to projects. The goal is to unleash the potential of young entrepreneurs, increase the number of SMEs, and encourage startups and existing companies in targeted economic sectors. This, in turn, enhances the local product and enables it to compete and conquer new international markets.
Banque Misr is dedicated to a culture of continuous learning and has initiated several exceptional training programs through international training providers. These programs equip employees with the necessary knowledge and competencies to maximize productivity and deliver superior quality in the bank's products and services. Advanced training policies and programs have been developed, ensuring equitable access to career advancement opportunities, promotions, and bonuses. Banque Misr recognizes its employees as the institution's most valuable asset, and it attributes the strength of the Egyptian banking sector to its enlightened leadership and wealth of expertise.
Banque Misr is committed to maintaining long-term success and actively contributes to Egypt's sustainable development and prosperity by providing electronic solutions and services tailored to customer needs. The bank's business values and strategies consistently reflect its dedication to Egypt's growth.
