EG Bank Receives Commerzbank Excellence Award for Payment Processing

The Egyptian Gulf Bank (EG) was awarded the Straight Through Processing (STP) Excellence Award by Commerzbank in recognition of the unprecedented performance, results and excellence in the implementation of transfers, payment processing and bank transactions in line with the highest quality standards.

Commerzbank awards this prize annually to international financial institutions that meet the criteria and guidelines specified in the management of banking transactions and money transfers, where EG Bank is one of only two Egyptian banks to have received this award.

Established in 1981, EG bank has grown significantly at all levels, as the bank has witnessed during the past few years a boom in growth through doubling the size of its assets, its branch network and the number of its customers as a result of adopting an ambitious strategy for expansion and development.

The bank's business strategy also supports the culture of entrepreneurship and youth by launching a platform for youth under the name MINT by EGBANK, which aims to develop the skills and capabilities of Egyptian youth.

EG Bank is one of the fastest Growing financial institutions in Egypt & Africa offering a flexible banking experience like loans, online banking and saving accounts with best rates with the aim of serving and supporting developmental projects in the region.

Commerzbank is the second largest in Germany

Commerzbank AG is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet.