EFG Hermes becomes the first Egyptian financial institution to achieve ISO 31000:2018 Enterprise Risk Management conformity

EFG Hermes becomes the first Egyptian financial institution to achieve ISO 31000:2018 Enterprise Risk Management conformity

- The international certification is proof positive of the Firm’s commitment to ERM compliance as part of its goals to maintain resilience and maximize growth prospects across an ever-growing product and service portfolio and expansive geographic footprint

Cairo: EFG Hermes Holding, an impact-driven universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Bank has become the first financial institution in Egypt to be granted ISO 31000:2018 Enterprise Risk Management (ERM) conformity by the British Standards Institution (BSI), the world’s first national standards body and the leading global standards maker.

The certification bookends numerous successful ISO accreditations for the financial service powerhouse, with ISO 31000:2018 being a globally recognized risk management standard that gives practitioners a set of accepted best practices, principles, and methods to comply with. The ERM framework underscores top management’s compliance with a commitment to the continual improvement of a risk management system.

By verifying that EFG Hermes operates an ERM system that is aligned with ISO 31000:2018, the certification reflects the Firm’s success in expanding access to its financial services and growing the business in a stable, sustainable, and responsible manner, by upholding strict guidelines of ethics and governance.

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