• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 29, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
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 *

I agree to the Terms & Conditions and Privacy Policy.

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

Recommended

realme Note 50

realme to Officially Announce Presence in Nigeria with Note 50 Launch

9 months ago
Sanmi Olukanmi and Benjamen Oladokun, Shekel Mobility Co-founders

Shekel Mobility Accelerates Growth with $7 Million Funding Boost

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 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 »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.