• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 9, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

EFG Hermes, first Egyptian Financial Institution to Achieve ISO 31000:2018

by Techeconomy
May 19, 2025
in Finance
2
EFG Hermes, first Egyptian Financial Institution to Achieve ISO 31000:2018
EFG Hermes team receiving the certificate

EFG Hermes team receiving the certificate

UBA
Advertisements

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.

“We’re proud to be the first financial institution in Egypt to receive the BSI certification, a testament to our commitment to continuously streamline operational efficiency, strengthen the Firm’s risk management culture, and in turn create value for both our clients and shareholders. Complying with international standards is also part of our strategy to lead the way when it comes to deepening risk management in the market as we work together to drive sustainable growth of the industry as a whole,” said EFG Hermes Holding’s Group Chief Risk & Compliance Officer Abdelwahab Gadayel.

In addition to its growing sell-side and buy-side operations across 14 markets, the Firm has been actively growing its Non-Bank Financial Institutions (NBFI) platform in Egypt, which represented 28% of revenue and 23% of net profit in 1H2022, while its recent acquisition of a majority stake in a commercial bank in Egypt, aiBANK, has enabled the firm today to deliver a full-fledged universal offering of financial solutions, prompting the adoption of internationally benchmarked business and risk management principles to ensure the integrity, sustainability and operational health of the Group.

Dr. Mohannad Abdel Qader, General Manager Middle East and Africa Operations, BSI, commented: “Risk Management is an essential component for organizations’ strategic, tactical and operational management. ISO 31000:2018 provides guidelines for managing any form of risk in a systematic, transparent, and credible manner within different scopes and contexts. It applies across all business activities and functions. On behalf of BSI, I would like to congratulate EFG Hermes Holding’s team for this achievement.”

Most recently, EFG Hermes also renewed its ISO 22301 for the sixth year in a row, which is part and parcel of the firm’s Business Continuity Management System that falls in accordance with the updated 2019 standards.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: EFG HermesISO 31000:2018
Techeconomy

Techeconomy

Next Post

AfriTECH 2.0: Outstanding Individuals, Organisations to be Honoured

Comments 2

  1. Pingback: EFG Hermes, first Egyptian Financial Institution to Achieve ISO 31000:2018 - News Curators
  2. Pingback: DEALS: MaxAB-Wasoko Acquires Fatura, Advancing Bold Ambition for Pan-African E-Commerce Consolidation | Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

TTSWG - IMC - Redefining Innovation

Dutch Deputy-Consul General, Industry Leaders Grace TTSWG’s IMC

2 years ago
NIGCOMSAT Accelerator Programme

ENTRY: 2025 NIGCOMSAT Accelerator Programme

4 months ago

Popular News

    Connect with us

    Currently Playing

    How to be productive this year ! #productivity #timelimit

    How to be productive this year ! #productivity #timelimit

    00:00:51

    TE Weather

    TE PODCAST

    Techeconomy Podcast
    Techeconomy Podcast

    Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

    Follow us @techeconomyng for more.

    Listen OnSpotify
    TECH TALK EPISODE 2
    byTecheconomy

    PRODUCTIVITY AND WORK-Life Balance

    TECH TALK EPISODE 2
    Episode play icon
    TECH TALK EPISODE 2
    Episode Description
    Episode play icon
    CYBERSECURITY ESSENTIALS
    Episode Description
    Episode play icon
    Digital Marketing Trends and strategies for 2025 and beyond
    Episode Description
    Episode play icon
    Major Lesson for Techies in 2024 and Projections for 2025
    Episode Description
    Episode play icon
    Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
    Episode play icon
    Maximizing Profitability Through Seasonal Sales: Strategies For Success
    Episode play icon
    Techeconomy Business Series
    Episode Description
    Episode play icon
    PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
    Episode Description
    Episode play icon
    Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
    Episode Description
    Episode play icon
    The Role of Ed-tech in Life Long Learning and Continuous Education
    Episode Description
    Search Results placeholder
    • About
    • Advertise
    • Careers
    • Contact Us

    © 2017 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Mobility
      • Environment
      • Travel
      • StartUPs
    • Economy
    • TECHECONOMY TV
    • TBS
    • About Us
    • Contact Us

    © 2017 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »