Banque Misr has been awarded the title of Best Bank in Money Market Funds and Short-Term Investments Management in the Middle East for 2024. This marks the sixteenth time the bank has received this prestigious recognition from Global Finance magazine—one of the world’s largest specialized financial publications based in New York. The magazine selects banks based on a range of international banking standards and expert opinions from distinguished analysts and global bankers.

This award is given to the most outstanding bank in the Middle East for profitability, customer service quality, market share, competitive pricing, and the use of innovative banking technologies. Banque Misr’s achievement follows its history of similar accolades, having been awarded Best Bank for Cash and Liquidity Management and Money Market Funds in Africa and the Middle East in 2009 and 2010, in the Middle East in 2008, 2012, 2013, 2014, and 2015, and Best Bank for Money Market Funds and Short-Term Investments in the Middle East for 2015–2023, as well as across Africa and the Middle East in 2019.

Receiving this honor for the sixteenth time highlights the bank’s leadership in investments, with Banque Misr’s money market fund returns consistently ranking among the highest in the Middle East. This success is attributed to the efficient management of the bank’s investment funds, in collaboration with major fund management firms. Banque Misr offers a diverse portfolio of investment funds tailored to meet the evolving needs of both individual and institutional clients, in alignment with market changes and modern banking approaches. The bank also provides a wide range of financial market and investment services, including investment banking, custodial services, securities, bond issuance and promotion, real estate marketing and development, and trustee services.

Mr. Hisham Okasha, CEO of Banque Misr, expressed his pride and appreciation for the exceptional efforts of the bank’s teams, which led to this recognition. He emphasized that the award reflects the trust of customers, who remain a central focus and key partners in the bank's success. The award also reaffirms Banque Misr’s ability to deliver robust performance and sustain growth by continually enhancing the value of its services with cutting-edge technology, all while maintaining a commitment to sustainable development.

Mr. Hossam Abdel Wahab, Deputy CEO of Banque Misr, highlighted the bank’s pride in this prestigious award, which celebrates its remarkable achievements in the sector. He noted that all departments and subsidiaries collaborate closely to enhance Banque Misr’s status as a leading financial institution in Egypt, with a long-term commitment to addressing diverse client needs through innovative solutions and a supportive work environment, underpinned by robust infrastructure and technology.

The bank’s financial markets and investment sector oversees a direct investment portfolio spanning various sectors, including tourism, services, construction, housing, agriculture, food, information technology, and more, with total assets under management reaching EGP 151.6 billion as of June 2024.

Banque Misr’s subsidiary, CI Capital, a leader in diversified financial services, also holds a prominent position in the debt market, offering advisory services to a broad client base. Since 2016, CI Capital has successfully executed 65 debt instrument issuances, including corporate bonds, securitized bonds, sukuk, and short-term bonds, totaling over EGP 114 billion across sectors such as consumer finance, microfinance, leasing, real estate financing, and government entities. In 2023, CI Capital led with 19 debt issuances totaling EGP 54.4 billion, capturing a market share exceeding 60%.

Notably, Banque Misr has received multiple awards and high rankings for 2024 from major international institutions and publications, underscoring its role as a leader capable of sustaining robust performance. This is driven by the bank’s solid financial position, growing asset base, and extensive customer base for its investment funds, reflecting its strategic success and financial resilience.