Banks operating in Egypt spend $46.61mln in CSR during 1H 2022: CBE advisor

Banks operating in Egypt spend $46.61mln in CSR during 1H 2022: CBE advisor

Egypt - The banking sector always supports community and development initiatives launched by the state, says Lamise Negm, Advisor to the Governor of the Central Bank of Egypt (CBE) for Corporate Social Responsibility (CSR), and Head of sustainability committee at the Federation of Egyptian Banks.

This came during a roundtable organized by the Ministry of Social Solidarity in cooperation with the CBE, with the aim of developing a social responsibility strategy and discussing ways of cooperation in the ministry’s various programmes.

During the meeting, Negm presented the efforts of the banking sector and its societal and development initiatives to support the neediest groups and achieve Egypt’s Vision 2030.

She noted that the banking sector strategy works in line with the state’s vision, in focusing on economic plans to support youth projects and economic and social development, providing new job opportunities for young people through national projects, and qualifying youth to assume tasks and responsibilities in the state.

Negm added that her committee places the development of youth capabilities and the contribution to human development among its priorities, as it offers training for youth to qualify them for the labour market, especially female breadwinners.

She pointed out that the contributions of banks in the field of