EMEA Finance, a prominent international institution in the finance and banking sector, has announced its awards for the year 2022, with Banque Misr claiming numerous accolades for the best financing operations in the EMEA region for 2022. These awards include recognition for the best structured financing operation in Africa, the best joint financing in cooperation with export credit agencies, the best structural financing operation in North Africa, the best local currency financing in Africa, the best restructuring process in the EMEA region, the best project financing operation, the best financing process for an entertainment project in Africa, the best financing operation in the field of infrastructure, the best financing operation in the telecommunications sector, and the best financing operation in the industrial sector.
The awards were received by Mr. Mohamed Khairat, Head of the Corporate Credit and Syndications Sector, along with a group of sector team members, during a prestigious ceremony organized by EMEA Finance. The event was attended by a distinguished group of leaders from banks that received awards.
It's important to note that these awards are based on a set of specialized criteria related to performance and the strategies employed by the institutions. They serve as a mark of confidence in their outstanding performance and business models. EMEA Finance carefully selects the winning banks through evaluations conducted by experts in the field.
Banque Misr's receipt of these awards highlights the bank's ongoing leadership in the global financial landscape. The bank consistently secures top positions on Bloomberg Global lists for syndicated loans and project financing arrangements. In 2022, Banque Misr maintained its position as the fifth-best bank for syndicated loans and project financing in Africa. Additionally, the bank received several prestigious awards for corporate credit in 2022 and 2023 from institutions such as Global Business Outlook Awards, Cosmopolitan, The Daily Business Awards, Global Brands Magazine, and BT Banking & Finance. These accolades affirm the bank's exceptional performance and robust financial results.
BanqueMisr's receipt of these awards is further evidence of its success in executing successful financing operations in collaboration with export credit agencies and international financial institutions. The bank has partnered with leading banks in the Egyptian banking sector to arrange and market more than 20 syndicated financing operations during the year, totaling approximately EGP 94.8 billion.
From January 1, 2022, to December 31, 2022, Banque Misr arranged, financed, and participated in numerous financing operations across various sectors, including urban development, electricity, real estate investment, maritime and river transport, communications and information technology, and petroleum. Banque Misr's contribution to these operations amounted to EGP 57.9 billion.
The awards presented to Banque Misr reflect the trust of its valued customers, who are the focal point of the bank's efforts and success. The bank continually strives to introduce new services and products to meet customer needs while enhancing service excellence and contributing to long-term success. Banque Misr's business values and strategies underscore the bank's commitment to sustainable development and the prosperity of Egypt."
