QNB AlAhli Bank Awarded ‘Best in Electronic Products’ and ‘Best SME Bank’ from International Finance Magazine
Mohamed Bedeir: These awards reflect the bank's pioneering role and commitment to launch innovative services and products that cater to all customers’ needs.
QNB AlAhli successfully exceeded targeted percentages set by the CBE in total credit facilities reaching over 26.7% instead of the targeted 25%.
Cairo, Egypt, (Date) September 2022 - QNB AlAhli, one of the subsidiaries of the QNB Group, the largest financial institution in the Middle East and Africa, has won two awards for ‘Best in Digital Products’ and ‘Best SME Bank’ from International Finance Magazine, in recognition of the bank's leading role and efforts towards the Egyptian banking sector in order to spread financial literacy and support financial inclusion and digital transformation, in addition to promoting the SME sector, to drive economic development.
Commenting on these awards, Mohamed Bedeir, CEO of QNB AlAhli, said: “These awards reflect the bank's pioneering role and commitment to launch innovative services and products that cater to all customers’ needs, in addition to upgrading its current offerings in accordance with the best global practices. Our aim is to support the banking industry and offer customers the digital services they need.”
QNB AlAhli was one of the first in the market to launch a bundle of unique services and products, including internet and mobile banking services, e-wallet, as well as the Instant Payment Network (IPN), which allows instant transactions between customers' accounts all days of the week. These efforts support the Central Bank of Egypt and QNB AlAhli’s strategies aimed at driving financial inclusion and digital transformation in the Egyptian economy.
“The Best SME Bank award is the culmination of our efforts within this sector, where we successfully exceeded the targeted percentages set by the CBE in total credit facilities reaching over 26.7% instead of the targeted 25%. As such, QNB AlAhli intends to build on its achievements in the SME sector, one of our core pillars. We are also keen on providing tailored financing solutions and programs to all business owners, with special focus on green projects that contribute to the sustainable development and the green economy in order to reduce environmental damage and allow a better future to current and new generations.”