ALEXBANK named the Best Bank for Corporate Social Responsibility in the Middle East by the Euromoney

Cairo, May 11, 2018: ALEXBANK has been named the “Best Bank for Corporate Social Responsibility in the Middle East” for its outstanding endeavors in sustainability and Corporate Social Responsibility practices in Egypt. The award by the Euromoney, one of the most prominent international magazine in assessing banks and financial institutions’ performance, was presented to Mr. Dante Campioni- Managing Director & CEO of ALEXBANK and Ms. Laila Hosni – Head of CSR and Sustainable Development at ALEXBANK, during the Euromoney Middle East Awards for Excellence dinner held in Dubai on May 8^th.

“Banks globally have become increasingly aware of the need for a heightened sense of corporate social responsibility. Institutions in the Middle East are no exception, and one bank stands out for the variety of its actions, and the depth of its commitment.

Over 35% of the bank’s staff have been engaged in the bank’s “Those who need us” campaign, by which employees volunteer for good causes on a monthly basis.

The bank’s initiatives are too many to receive due consideration here, but suffice it to say the bank has committed to making CSR an essential part of what it does, and has successfully galvanised its staff in support of that effort. The award goes to AlexBank” stated the Editor of Euromoney, Clive Horwood.

ALEXBANK continued success in the Euromoney awards is an emphasis of its vision and leadership in contributing to an integrated model of sustainable socio-economic development, expression of its wish to nurture the creation of community-shared values, becoming a full-fledged partner of citizens and communities, combining the creation of social value with the support to the economic growth.

In that regard, Dante Campioni, the CEO and Managing Director of ALEXBANK said “It’s a great pleasure for all of us at Alexbank to receive such recognition at regional level by Euromoney. As part of Intesa Sanpaolo Group, ALEXBANK proudly adopts the Group’s vision to merge its commercial development with the support and the constant upgrade of its community investments. This ideology pursues our success through a long-term and sustainable approach, by serving the interests of a vast array of stakeholders from customers, employees, shareholders to the community at large, supporting the economic development, the environmental sustainability, the financial and socio-economic inclusion of possible marginalized communities present in the territories we serve.”

Laila Hosni, Head of CSR & Sustainable Development at ALEXBANK stated “ALEXBANK has embarked on a new Roadmap for Shared Value Creation, Financial Inclusion, and Sustainable Finance in the Egyptian Community that matches 2030 vision for sustainable development. Expression of this is our pioneer CSR flagship “Ebda3 Men Masr” initiative, launched in 2016 and still growing. Through this initiative we seek the revival of the Egyptian culture and ethnic heritage warded by Egyptian artisans through their traditional handmade productions. Through several established collaborations and partnerships, we are able to empower communities al across Egypt to increase entrepreneurial opportunities, fully integrating them economically and financially.”

It’s worth mentioning that ALEXBANK has signed several cooperation protocols with different governmental and non-governmental entities such as Ministry of Trade and Industry, Egyptian Export Council, Handcrafts Chamber, Sawiris Foundation For Social Development, Fairtrade Egypt, Egypt Network for integrated Development, and most recently a cooperation protocol directly with the Ministry of Social Solidarity for supporting more than 20,000 Egyptian craftsmen and artisans banking on the experience developed through its initiative “Ebda3 Men Masr”, by committing technical and financial support up to EGP 3 million throughout the program which will span over two years period. The protocol goal is to enhance the marketing and promotional opportunities for the Egyptian craftsmen, both locally and on the international markets.