The World Union of Arab Bankers awarded the federation with the award for outstanding performance against the coronavirus crisis for the year 2020
The Federation of Egyptian Banks (FEB) remains a strong contributor and supporter against the COVID-19 pandemic, contributing LE 500 million towards Egypt’s purchase of vaccines, in cooperation with the Tahya Misr Fund and member banks.
The National Bank of Egypt (NBE), Banque Misr, the Commercial International Bank (CIB), QNB Alahli, Banque du Caire, and the Arab African International Bank (AAIB) provided the largest shares.
The FEB’s support continues its pivotal role in supporting the Egyptian state’s efforts to combat the coronavirus, under the auspices of the Central Bank of Egypt (CBE).
The Federation of Egyptian Banks, headed by Mohamed El-Etreby, FEB believes that, in light of the critical conditions the world is going through, all efforts must be united to combat it, especially because of its economic, social and health implications.
Banks in the Egyptian market have already provided over LE 750 million in a donating campaign to support those affected by the pandemic.
The World Union of Arab Bankers, in recognition of the FEB’s collective action and efforts, awarded the federation with the award for outstanding performance against the coronavirus crisis for the year 2020.
The participation of banks in supporting and providing the coronavirus vaccine to deserving groups comes from the pioneering role of these banks in the field of social responsibility. This comes as one of the most important pillars of support to the Egyptian community.
Many initiatives have been put into effect in the fields of health, education, social solidarity, and community development. These include projects to develop Egyptian villages most in need, through small and micro enterprises.
