International Memberships

ALEXBANK’s international memberships defining our  commitment to ensure a systematic manner in adapting to institutionalized sustainability through international frameworks such as the United Nations Global Compact principles, and other Sustainability groups such and the Equator Principles (EPs).

The Global Compact

The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. Being a member of UN Global Compact (GC) since 2013, ALEXBANK tackles ten principles focusing on four major areas: Human Rights, Labor, Environment and Anti-Corruption.

Equator principles

Since its 2012, ALEXBANK has been a signatory of the Equator Principles, a framework for managing the impacts on the environment and on local communities that may arise from financing large projects. Project finance is a method of financing where lenders are repaid through revenues generated by the project, typically used to fund large, complex and expensive installations like power plants or mines. Until recently, the Principles only formally applied to project finance, but we have always voluntarily applied the Principles beyond project finance to corporate loans, where we know the proceeds will be used to finance a specific project. In 2013 a new framework of principles, "Equator Principles (EP) III" was agreed, introducing changes to the scope of public reporting requirements. We report annually on the projects we have financed under the Equator Principles and our customers' compliance with our sector policies.

ALEXBANK Partnership With Federation Of Egyptian Banks

ALEXBANK is among many banks in partnership with the Federation of Egyptian Banks (FEB). The FEB resolved to positively impact Egyptian underprivileged communities and called on the initiative to donate 2% of the net profit for the year 2014 to be allocated for the development of slums in Egypt. The project is to impact the of living conditions of the 250,000 residents in slum areas. A Special Committee was formed  maintain that all the renovated infrastructure and  to sustainability.  The “Renovation of Slum Areas” is the FEB’s first project. ALEXBANK contributed 13.2 Mln EGP for this project and is a permanent member in the Sustainability Development of the FEB.