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Central Bank of Egypt Reveals Total Banking Sector’s Contributions to Corporate Social Responsibility in 2024

13:39
16/04/2025
ASHRAF ALHADY
By

EGP 3.9 billion of banks’ contributions allocated to support priority service sectors throughout the year
Focusing on healthcare and social welfare sectors, developing informal settlements, and empowering women and persons with disabilities, as well as fostering education to align with the State’s vision of achieving sustainable development

The Central Bank of Egypt (CBE) announced the total contributions of banking sector to Social Responsibility’s (CSR) projects, which reached nearly EGP 3.9 billion in 2024. These contributions were directed towards improving healthcare and social welfare sectors, promoting developmental initiatives, upgrading slums, as well as empowering women and Persons with Disabilities (PwDs), in addition to enhancing education, and supporting various priority service sectors to advance society.

This comes as part of CBE’s keenness to empower the most vulnerable segments of society, and its leading role in fostering the banking sector’s contributions to CSR projects. The healthcare sector received the largest share of these contributions, amounting to approximately EGP 2.5 billion, followed by the social welfare sector with nearly EGP 447 million. Meanwhile, EGP 178 million was allocated to developmental projects and informal settlements’ transformation, EGP 149 million to women’s empowerment initiatives, around EGP 136 million to projects supporting PwDs, and EGP 110 million to educational projects.

In continuation of the banking sector’s pivotal role to achieve social development, around EGP 100 million was allocated to support entrepreneurship and small and medium-sized enterprises (SMEs). They also dedicated EGP 22 million to carry out projects within the fields of sports, arts, and culture, in addition to EGP 18 million to implement national initiatives. Furthermore, the banks sponsored the “Global Congress on Population, Health, and Development”, along with the assignment of nearly EGP 153 million to a number of projects across multiple service sectors.

The CBE reaffirms that the banking sector will maintain its efforts to support the underprivileged groups and drive societal progress. This commitment stems from the sector’s dedication to complement the state’s efforts, aimed at achieving sustainable development and improving the standard of living for citizens across all governorates.