Cairo Bank Wins Award for Best Microfinance and Financial Inclusion

The International Federation of Arab Bankers has announced that the Cairo Bank has received the "Best Egyptian Microfinance Bank and Financial Inclusion" award at the Awards of Excellence and Achievement Arab Banks in 2018

The award was received by Amr Naseer, Director General of Retail Banking at the Cairo Bank.

Tariq Fayed, President and CEO of the Cairo Bank, expressed his pride in receiving the award. International Union of Arab Bankers Its efforts at the service of the Arab banking sector and its role in monitoring the evolution of the banking sector.

Fayed pointed out that microprojects are the Bank's top priorities, based on the leadership it has achieved in this area, 600,000 jobs and sustainable production projects, and a 30% market share in microcredit.

The chairman of the Cairo Bank adds that the value of the portfolio is 3.4 billion pounds, with a total of 184,000 customers.

Loans Since the beginning of the product launch about one million and 700,000 loans, A 37% of the total loans under the Bank's desire to help women to carry out projects generating sustainable incomes and their positive role in supporting the Egyptian economy and creating jobs for young people. The comprehensive development of the Bank branch network and its units in the various governorates of the Republic, opening new branches to reach different customer segments and expansion of the ATM network to cover all regions have also helped to strengthen bank coverage. And the adoption of all policies and procedures that help transform the culture of Egyptians to the bank, and the accessibility of individuals to financial services through the channels of legitimacy and give to all segments of society an adequate opportunity to manage their money and savings
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