For the Fourth Year: Emirates NBD Egypt wins the Most Innovative Bank Awards in Trade Finance & Cash Management

Emirates NBD Egypt won two awards for being the most innovative bank in trade finance and cash management for the year 2020.

The awards presented by the famous English magazine "International Finance" - specialized in monitoring global economic and banking institutions, reflects the efforts made by Emirates NBD Egypt to achieve a real breakthrough in cash management and trade finance services.

The cash management team provides indispensable tools for today's business that cover payable accounts, receivables, and account services. It also provides reconciliation services through SWIFT reporting standards that allow each customer to settle their bank accounts electronically.
According to Mohamed Berro, CEO of Emirates NBD Egypt the bank is committed to provide a quick response to all customer requirements based on the best technical services provided by the bank, such as: SmartBusiness Web, SmartBusiness Mobile, Swift Score, CPs for e-government services, Cor-Pay ACH and Digi-sign.

As for the trade finance and receivables sector of the bank, Emirates NBD Egypt has provided trade solutions tailored to meet the needs of customers, whether importers or exporters, and to reduce risks, secure payments and increase capital. Currently, the bank is in the process of launching "Smart Trade" solutions, to be one of the best banking services in Egypt. The platform provides multiple mechanisms for the clients to issue letters of credit and guarantees, and to amend pre-existing requests. It also provides access for the clients to trade related reports and MIS.

"We are always striving to provide everything new and innovative to meet the needs of our customers. We are committed at Emirates NBD Egypt to be the main player in financing major projects and development initiatives. All these efforts qualified us to win many local and international awards" Adds Mr. Berro.

It is noteworthy to mention that, "International Finance" magazine awarded Emirates NBD Egypt the "Best Mobile Banking Application - Egypt 2018" award and "Best Digital Bank –Egypt 2019" for its excellence in providing innovative and modern banking services in the market. In addition, the bank was also titled "Best Cash Management in Egypt 2018" from The Asian Banker. Also added to their roster of esteemed awards is "The Best Bank" in Egypt award for 2018 by The Banker Africa for the second consecutive year in a row, which falls in line with their receipt of 4 other awards from the foundation as the best retail bank, the most innovative and creative bank.