Corporate Social Responsibility and Business Community Support

Corporate Social Responsibility and Business Community Support

year 2017/2018

1-     Corporate Social Responsibilities:

EBE Continues this year to supporting both sectors, education and health, out of its belief in its role towards the community and out of its CSR activities. This year, the Bank funded Massr El Kheir foundation in the operational and educational costs of five schools in Essna villages – Luxor Governorate, in Upper Egypt. It includes the sports, arts, recreational and cultural activities’ costs, and comes out of the Bank’s keenness in improving the level of education especially in Upper Egypt, where a team from the Bank’s staff visited those schools. 

On the health sector, the Bank signed more than one protocol to financially support different health issues and cases, through different foundations, such as Ahl Massr foundation for establishing and furnishing a double room in the Burn and Accidents’ Victims Hospital, including the cost of medical equipment. EBE continued to cover the chemotherapy sessions of breast cancer patients in Baheya Hospital for Early Detection and Breast Cancer Treatment, through the MOU signed with the foundation. A group of the Bank’s employee visited the hospital to psychologically, emotionally and morally support the patients.  Moreover, the Bank funded the Hospitals of Assuit University for the renovations of different medial sections and buying the latest medical equipment. 

This year, the Bank took a new initiative in support to the agricultural sector in a mega project called “Plant – Collect – Export”, in coordination with Massr El Kheir Foundation. Through this initiative EBE is funding the farmers for planting 50 greenhouses on a 50 hectares land in Luxor, the fund will also covers the training programs for these farmers in order to insure the quality of the products to reach the exports’ standards.  

In line with CBE Financial Inclusion Initiative, the Bank participated in the initiative, in order to introduce its services and products to a larger and different category and segment of the community. Where the Bank presented these services and products through universities, youths centers and clubs as well as small settlements and communities and promoted the account opening at no opening fees. 

Moreover, and in order to disseminate the financial awareness to children and youth. The Bank continued to participate in the Global Money Week, for a third consecutive year, by the Egyptian Banking Institute (EBI), in partnership with the Ministry of Education, the Ministry of Youth, and some international schools, where branches visits, workshops and lectures were conducted to different universities and schools’ students. In this line, the Bank also sponsored and adopted the Egyptian Banking Simulation Model - EBSM, organized by the Faculty of Economics and Political Sciences - Cairo University, where financials and banking informative sessions where conducted at the faculty of commerce in Cairo and Ain Shams Universities.    

As part of its role towards the community development and corporate social responsibility, and in order to contribute in solving the unemployment issues. The Bank participated in some employment fairs, such as the annual employment fair organized by the German University in Cairo, as well as the American University in Cairo.

 

2. Business Community Support:

 

EBE continues to participate in different activities organized by the chambers of industries and commerce as well as the businesspersons associations; this is through attending or sponsoring exhibitions, forums, seminars, conferences and roundtables, locally and internationally. The Bank usually provides financial support to such chambers and organizations through memberships and participating in their different events in order to remain an active member among these communities. During this year, the Bank was keen to know about all new implications in the fields of international trade and global economy.

In order to develop and improve business relationship with businesspersons and exporters, the Bank, continuously, coordinates with the Ministry of Trade and Industry as well as some specialized centers. The Bank, always, gives priority to introduce itself to local and international business communities, in order to open new markets for Egyptian products and facilitate the process of commercial trade, through (B2B) events organized by these associations. Such as, The American Chamber of Commerce, Canadian Chamber of Commerce, Union of Arab Banks, El Wafaa’ Association, Federation of Egyptian Banks, Egyptian Banking Institute, Egyptian Capital Market Authority, The Egyptian Stock Market Exchange, Misr for Central Clearing, Depositary & Registry, Egyptian Businessmen Association, the Financial Markets Association, British Egyptian Businessmen Association (BEBA) as well as the Arab Investors Union.

In Line with its strategy to introduce the Egyptian export community, mostly manufacturers from different sectors to key export service providers in Egypt. The Bank was keen to participate, for the third year, in the international event “Fruit Logistica”, which was held in Berlin – Germany, under the auspices of the Agricultural Export Council, in order to develop and expand the Egyptian export especially in the food and agriculture sector. The purpose was to help Egyptian exporters expand sales by providing an opportunity for them to meet providers of key export services in Egypt in a “B2B” event, through networking, data-collection and raising awareness about key resources to expand export sales.

Moreover, the Bank participated in Agro-Food exhibition held in Russia, in addition to Gulf Food Exhibition in Dubai organized by the Export Council for Food Industry, where a group of the Corporate Banking and Syndicated Loans as well as the SMEs Sector attended these exhibitions.

EBE this year participated in Uganda and Rwanda Trade Missions in coordination with the Federation of Egyptian Industries, which tackled the obstacles, problems that faces the Egyptian Exports, where the Bank seized this opportunity to present its different services and financial products. B2B meetings were conducted with key governmental African and businesspersons’ figures, this is In line with EBE's strategy targeting to double Egyptian exports to Africa. Moreover, another trade mission to Ghana were also conducted, in line with Egypt’s strategy for opening trade and economics’ channels with African countries for further foreign cooperation.  

This year also the Bank sponsored the annual Cairo International Fair, People and Banks Exhibition as well as the conference of the Egyptian Institutions of Plastic Surgeries, where EBE presented its products and services among these huge events.   

Additionally, the Bank this year signed different protocols and MOU such as:

  • The Commercial Representation, for helping in creating better investment environment, which encourages exports. 
  • The Association of SMEs Investors offering all facilities and financial services to their platform.
  • El Tadamon Microfinance Foundation, providing funds and financing the small and microfinance projects owned by women granting trade opportunities.
  • Different Export councils of various sectors, agricultural, textiles and garments chemical industry, furniture, metal, food industry etc.…out of the Bank belief in its role in participating to the development of the Egyptian Economy, especially in this critical period that the country faces, where the organizations altogether should give a hand to help, creating investment opportunities.
  • A protocol with Afrixim Bank, which offers a combination of programs, products and services designed to help Egyptian exporters to boost their exports to the African market and which is considered one of the ways to get the local economy from its crises in order to achieve the desired growth, and a way of exchanging experiences and economic cooperation.
  • Sanad to support the Egyptian small and medium size exporters.

Year 2016/2017

Believing in its role towards the community and out of its CSR activities especially for education and health sectors, this year, The Bank funded Massr El Kheir foundation for establishing and developing five schools mainly in small villages of Essna – Luxor Governorate, in Upper Egypt. This comes out of the Bank’s keenness in improving the level of education specially in Upper Egypt, where there are no enough schools to accommodate young children. 
On the health sector, the Bank signed more than one protocol to financially support different health issues and cases, through different foundations, such as Ahl Massr foundation for covering the treatment and surgeries of 15 severe burn victims mostly children of needy families. Also 50 chemotherapy sessions of breast cancer patients in Baheya Hospital for Early Detection and Breast Cancer Treatment. Moreover, the Bank funded the treatment and medicines of 1000 virus C needy patients in Luxor Center for Virus C medication; this was in cooperation with the Association of Friends of the National Cancer-Free Initiative.  In addition to the financial support given to the Kidney, Urology and Nephrology Center in Mansoura, who provides free of charge medical services and treatment. As well as a donation to Heliopolis Friends Association for Social Services, providing free of charge eye surgeries for needy children.

In line with CBE mission in financial inclusion, the Bank participated in the Financial Inclusion Initiative, launched by the Central Bank of Egypt, in order to introduce its services and products to a larger and different category of the community. Where the Bank presented these services and products through universities, youths centers and clubs as well as small settlements and communities. 

Moreover, and in order to disseminate the financial awareness to children and youth. The Bank continued to participate in the Global Money Week, by the Egyptian Banking Institute (EBI), in partnership with the Ministry of Education, the Ministry of Youth, and some international schools, where branches visits, workshops and lectures were conducted to different universities and schools’ students. In this line, the Bank also sponsored and adopted the Egyptian Banking Simulation Model, organized by the Faculty of Economics and Political Sciences - Cairo University.    

As part of its role towards the community development and corporate social responsibility, and in order to contribute in solving the unemployment issues. The Bank participated in some employment fairs, such as the annual employment fair organized by the German University in Cairo, as well as the American University in Cairo.

On the Business Community Support level, the Bank continued to participate in different activities organized by the chambers of industries and commerce as well as the businessmen associations, this is through attending or sponsoring exhibitions, forums, seminars, conferences and roundtables, locally and internationally. The Bank usually provides financial support to such chambers and organizations through memberships and participating in their different events in order to remain an active member among these communities. During this year, the Bank was keen to know about all new implications in the fields of international trade and global economy.

In order to develop and improve business relationship with businesspersons and exporters, the Bank, continuously, coordinates with the Ministry of Trade and Industry as well as some specialized centers. The Bank, always, gives priority to introduce itself to local and international business communities, in order to open new markets for Egyptian products and facilitate the process of commercial trade, through (B2B) events organized by these associations, such as, The American Chamber of Commerce, Canadian Chamber of Commerce, Union of Arab Banks, El Wafaa’ Association, Federation of Egyptian Banks, Egyptian Banking Institute, Egyptian Capital Market Authority, The Egyptian Stock Market Exchange, Misr for Central Clearing, Depositary & Registry, Egyptian Businessmen Association, the Financial Markets Association, as well as the Arab Investors Union.

In Line with its strategy to introduce the Egyptian export community, mostly manufacturers from different sectors to key export service providers in Egypt. The Bank was keen to participate, for the second year, in the international event “Fruit Logistica”, which was held in Berlin – Germany, under the auspices of the Agricultural Export Council, in order to develop and expand the Egyptian export especially in the food and agriculture sector. The purpose was to help Egyptian exporters expand sales by providing an opportunity for them to meet providers of key export services in Egypt in a “B2B” event, through networking, data-collection and raising awareness about key resources to expand export sales.
 In addition, the Bank participated to Kenya Trade Mission, which tackled the obstacles, problems that faces the Egyptian Exports, as well as Egypt Export Expo – Kenya, where the Bank seized this opportunity to present its different services and financial products.

In line with EBE's strategy targeting to double Egyptian exports to Africa, the Bank participated in the 24th Annual General Meeting of Shareholders of AFREXIM Bank as a shareholder representative.
Where participation was very effective through taking part in one of the main panels on "Boosting Intra African Trade through access to Capital and Technology" and presenting the Egyptian case study of recent reforms and the creation of a healthier investment environment, which encourages FDI and Exports. This was during a roundtable discussion to discuss the future of the Intra-African trade whereby; EBE suggested the need to establish a pan African e-commerce platform that would offer all the trade opportunities cross-continent. At the same time, the platform should be linked to a clearing system to allow the settlement of such trades and apply Block Chain technology to ensure the electronic exchange of trade documentation end to end securely. This will reduce the risk of any fraud and non-payment between the trade parties.

Additionally, as part of its corporate social responsibility, the Bank believes in participating to the development of the Egyptian economy, especially in this critical period that the country faces, where the organizations altogether should give a hand to help. That is why the Bank contributed to “The first round of the Belt & Road Industrial and Commercial Conference” - “Egypt… Your Gateway to BRICA”, which was co-organized by Egyptian Businessmen’s Association (EBA) and China Federation of Industrial Economics (CFIE), this was to project Egypt as an economic powerhouse and present the business prospects and investment opportunities, as well as, to provide international forum for policy / decision makers to present the business prospects & investment opportunities in the BRICA countries. Considering this a way to get the local economy from its crises in order to achieve the desired growth.

Year 2015/2016

This year, the Bank continued to participate in different activities organized by the Chambers of Industries and Commerce as well as the Businessmen Associations, this is through attending or sponsoring exhibitions, forums, seminars, conferences and roundtables, locally and internationally. The Bank provides financial support to such chambers and organizations through memberships and participating in their different events in order to remain an active member among these communities. During this year, the Bank was keen to know about all new implications in the fields of international trade and global economy.

In order to develop and improve business relationship with businesspersons and exporters, the Bank, continuously, coordinates with the Ministry of Trade and Industry as well as some specialized centers. The Bank always gives priority to introduce itself to local and international business communities, in order to open new markets for Egyptian products and to facilitate the process of commercial trade through the Business to Business (B2B) events organized by these associations, such as, The American Chamber of Commerce, Canadian Chamber of Commerce, The Arab Academy for Banking and Financial Services, Union of Arab Banks, El Wafaa’ Association, Federation of Egyptian Banks, Egyptian Banking Institute, Egyptian Capital Market Authority, The Egyptian Exchange, Misr for Central Clearing, Depositary and Registry, Egyptian Businessmen Association, the Financial Markets Association, as well as the Arab Investors Union.

The Bank is also keen to track the most recent and up-to-date researches, newsletters and encyclopedias, specially the specialized ones, related to its activities, such as Egypt Country Risk Report which is published by BMI Research “A Fitch Group Company”, as well as the Insurance Newsletter and the Social Security Encyclopedia, in order to be updated in this field as well.
 
In Line with its strategy to introduce the Egyptian export community, mostly manufacturers from different sectors to key export service providers in Egypt. The Bank was keen to participate, this year, in “Export Plus” conference and exhibition, named “Towards New Horizons for Egyptian Exports”, the conference tackled the obstacles, problems that faces the Egyptian Exports, and was organized by the Foreign Trade Department of the Federation of Egyptian Chambers of Commerce. The Bank seized this opportunity to present its different services and financial products. Moreover, the Bank also participated in the international event “Fruit Logisitica”, which was held in Berlin – Germany, under the auspices of the Agricultural Export Council, in order to develop and expand the Egyptian export especially in the food and agriculture sector. The purpose was to help Egyptian exporters expand sales by providing an opportunity for them to meet providers of key export services in Egypt in a “B2B” event, through networking, data-collection and raising awareness about key resources to expand export sales.
 
As part of its role towards the community development and corporate social responsibility, in order to contribute in solving the unemployment issues, and under the Financial Literacy Project, initiated by the Egyptian Banking Institute. The Bank participated in some employment fairs, such as Ain Shams University as well as the annual employment fair organized by the German University in Cairo.

Furthermore, and in order to disseminate the financial awareness to children and youth. The Bank continued to participate in the Global Money Week and the national initiative “Shaping the Future”, by the Egyptian Banking Institute (EBI), in partnership with the Ministry of Education, the Ministry of Youth, and some international schools, where branches visits, workshops and lectures were conducted to different universities and schools’ students. In this line, the Bank also sponsored and adopted the Egyptian Banking Simulation Model, organized by the Faculty of Economics and Political Sciences - Cairo University.    

Additionally, as part of its corporate social responsibility, the Bank believes in participating to the development of the Egyptian economy, especially in this critical period that the country faces, where the organizations altogether should give a hand to help. That is why the Bank financially contributed to funding “Suez Canal Project”, considering this a way to get the local economy from its crises in order to achieve the desired growth.

Believing in its role towards the health sector, especially in developing the governmental hospitals through obtaining the required up-to-date medical equipment and for providing a free of charge medical services. The Bank funded Zakazik University Hospitals for buying, the most updated, Ultra Sound machine, for diagnosing the intestine, liver and esophageal varices diseases, in order the hospital to be able to provide better medical services, especially to the needy patients, who reach up to 18 thousand patient per month and visit the hospital from Sharkeya governorate, 10th of Ramadan, Obour, Shorouk and Suez Canal cities.  

Year 2014/2015

This year, the Bank continued to participate in different activities organized by the Chambers of Industries and Commerce as well as the Businessmen Associations, this is through attending or sponsoring exhibitions, forums, seminars, conferences and roundtables, locally and internationally. The Bank provides financial support to such chambers and organizations through memberships and participating in their different events in order to remain an active member among these communities. During this year, the Bank was keen to know about all new implications in the fields of international trade and global economy.

In order to develop and improve business relationship with businessmen and exporters, the Bank, continuously, coordinates with the Ministry of Trade and Industry as well as some specialized centers. The Bank always gives priority to introduce itself to local and international business communities, to open new markets for Egyptian products and to facilitate the process of commercial trade through the Business to Business (B2B) events organized by these associations, such as The American Chamber of Commerce, Canadian Chamber of Commerce, The Arab Academy for Banking and Financial Services, Union of Arab Banks, El Wafaa’ Association, Federation of Egyptian Banks, Egyptian Banking Institute, Egyptian Capital Market Authority, The Egyptian Exchange, Misr for Central Clearing, Depositary and Registry, Egyptian Businessmen Association, Arab Union for Industrial Exports Development, Lawyers Syndicate, as well as the Arab Investors Union.

In Line with its strategy to introduce the Egyptian export community, mostly manufacturers from different sectors to key export service providers in Egypt, the Bank was keen to participate in Egypt’s first “Exporters Souk: Connecting to Export Resources”, organized by The USAID/Egypt-funded Trade Facilitation Project (TFP), where the Bank seized the opportunity to present its different services and financial products.  The purpose was to help Egyptian exporters expand sales by providing an opportunity for them to meet providers of key export services in Egypt in a “business forum” or “souk” format, through networking, data-collection and raising awareness about key resources to expand export sales.  Moreover, the Bank also participated in the forum regarding “the problems and obstacles from the export control perspective and the suggested solutions to increase exports’ volume”. 
As part of its role towards the community development and corporate social responsibility, and in order to contribute in solving the unemployment issue, the Bank participated in some employment fairs, such as “Investalent” organized by Egyptian Stock Exchange, as well as the annual employment fair organized by the German University in Cairo.

Furthermore, and in order to disseminate financial awareness to children and youth, the Bank participated in the Global Money Week 2015 “Shaping the Future”, an initiative by the Egyptian Banking Institute, in partnership with the Ministry of Education, the Ministry of Youth, and some international schools, where branches visits and workshops were conducted to different universities and schools’ students.  
Additionally, as part of the Bank’s corporate social responsibility, the Bank believes in participating to the development of the Egyptian Economy, especially in this critical period that the country faces, where the organizations altogether should give a hand to help. That is why the Bank financially contributed to the fund “Tahia Misr”, considering this a way to get the local economy from its crises in order to achieve the desired growth.

Believing in his role towards the health sector, especially in developing the hospitals through obtaining the up-to-date medical equipment, which are required for providing a free of charge medical services, the Bank participated in the continuation of the new Emergencies Building of Hospital 185 Kassr El Einy for Accidents and Blisters, in order the hospital can provide better medical services, specially to the needy patients.

Year 2013/2014

This year, the Bank continued to participate in different activities organized by the Chambers of Industries and Commerce as well as the Businessmen Associations, this is through attending or sponsoring exhibitions, forums, seminars, conferences and roundtables, locally and internationally. The Bank provides financial support to such chambers and organizations through memberships and participating in their different events in order to remain an active member among these communities. During this year, the Bank was keen to know about all new implications in the fields of international trade and global economy.

 

In order to develop and improve business relationship with businessmen and exporters, the Bank, continuously, coordinates with the Ministry of Trade and Industry as well as some specialized centers. The Bank always gives priority to introduce itself to local and international business communities, to open new markets for Egyptian products and to facilitate the process of commercial trade through the Business to Business (B2B) events organized by these associations, such as The American Chamber of Commerce, Canadian Chamber of Commerce, Union of Arab Banks, El Wafaa’ Association, Federation of Egyptian Banks, Egyptian Banking Institute, Egyptian Financial Supervisory Authority, Egyptian Capital Market Authority, The Egyptian Exchange, Misr for Central Clearing, Depositary and Registry, Egyptian Businessmen Association, Arab Union for Industrial Exports Development, Arab Industrial Development and Mining Organization, I-Score, Lawyers Syndicate, the Egyptian International Company for the Production of Aluminum Sectors (EIPAL) as well as the Arab Investors Union.

 

As part of its role towards the community development and corporate social responsibility, the Bank financially supported the National Institute of Liver and Endemic Diseases, as well as the National Cancer Institute for buying medical equipment, and in order to provide free health services and medical treatments to a wide sector of patients especially to needy patients and to those who cannot financially afford it.

 

Additionally, as part of The Bank's corporate social responsibility and in order to support the organizations that work on community development through charity projects, the Bank paid high attention this year in supporting the project of “Developing the Slums in Cairo and Helwan” which is initiated and adopted by the Federation of Egyptian Banks. This is in order to provide assistance in the fields of health, education, jobs creation, culture, economic and social development as well as environmental protection and to extend services and health care to these slum areas and to improve their surrounding conditions, this is in line with the Government’s strategy.