Africa & Middle East
|Date joined:||19 September, 2019|
|Initiatives:||Principles for Responsible Banking|
|Reports:||Sep 21 Apr 22|
Alex Bank was established as a public institution 61 years ago. The bank was able to navigate the national economic situation over the past few years without disrupting the functions that benefit its stakeholders and communities where it operates by implementing a sustainable development strategy, which is essential to its business decisions.
Intesa Sanpaolo Group, of which ALEXBANK has been a subsidiary since 2007, is a responsible financial intermediary that ensures innovation, creation of new services and financial solutions which remain integral to its practices. ALEXBANK is in line with Intesa Sanpaolo Group’s four-year Business Plan (2018 – 2021) which prioritizes strong and sustainable value creation while maintaining a solid capital position and reducing the risk profile at no cost to shareholders. Moreover, ALEXBANK is committed to maintaining its leadership position in Corporate Social Responsibility (CSR) and strictly adhering to national and international standards with regard to social and environmental principles.
Guided by the Intesa Sanpaolo Group guidelines and the Egypt Vision 2030, ALEXBANK contributes to the Sustainable Development Goals (SDGs). Their business offers tailored products and services to 1.584 million customers who are served by 4,509 employees.
ALEXBANK has embarked on a new roadmap for shared value creation, financial inclusion, sustainable finance, and social and transparent performance reporting. It is committed to supporting the achievement of sustainable economic development while ensuring consistent and responsible business growth. The bank aims to promote the wellbeing of its employees and safeguard the health of the natural environment and the Egyptian community at large. ALEXBANK strives to create a balance between economic growth, social development and the protection of the environment. This involves the financial and business sectors, governments and civil society working together for a common future. It’s Sustainable Development Strategy spans over four years, from 2018 to 2021 and is in line with Intesa Sanpaolo’s 4-year Business Plan for the same period and the “Egypt Vision 2030”.
More on Sustainability via the company website