As part of its strategy to spread financial awareness and enhance people’s capability to manage their finances, understand and use different financial services and thereby contribute to financial inclusion, the Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt, announced the launch of its online platform Financial Literacy Hub , during a ceremony held in the presence of the heads of the financial inclusion and social responsibility departments in the Egyptian Banking sector.
The opening speech was delivered by Dr. Abdel Aziz Nossier, the Executive Director of the Egyptian Banking Institute and Mr. Sherif Lokman, Sub-Governor of the Financial Inclusion Sector at the of the Central Bank of Egypt.
In his opening speech, Dr. Nossier stated: “Over the years, EBI has paid great attention to spreading financial literacy where Shaping the Future initiative was launched in 2012, under the auspices of the Central Bank of Egypt to spread financial awareness and enhance people’s capability to manage their finances, understand and use different financial services and thereby contribute to financial inclusion. And now, with the launch of our online platform “Financial Literacy Hub”, we can expand our reach to all segments of the society and expand the circle of beneficiaries.
In this context, Dr. Nossier presented that EBI’s Financial Literacy hub will be the go-to source of information for youth and adults, children and entrepreneurs where they can explore the platform’s range of content ranging from E-learning programs, Educational Videos and booklets. For youth & adults, the platform will provide them with financial concept booklets, e-learning courses and learning bites. As for the children, the platform provides them with financial literacy booklets, financial literacy e-learning course and financial literacy cartoon videos. The platform also provides technical support to cater for the needs of start-ups, SMEs and entrepreneurs through a set of tools which enable them to efficiently run their projects and businesses. These tools include a databank which incorporates answers to frequently asked questions, E-learning training programs, explainer videos & the opportunity to connect with accredited experts who offer them consultancy, advice and practical solutions for their projects in order to enhance their growth and success.
Furthermore, during the ceremony, Mr. Khaled Bassiouny, Financial Inclusion General Manager at the Central Bank of Egypt, shed light on CBE’s Financial Literacy Strategy. The ceremony was also concluded with a panel discussion moderated by Ms. Sally Abdel Kader, Financial Literacy General Manager at the Central Bank of Egypt, in which Dr. Suzan Hamdy, Chief Financial Inclusion, Sustainability and Business Development Officer-Member of ExCom at Banque Misr participated in the discussion along with Ms. Nermine Shehabeldine, Head of Marketing and Sustainable Development at National Bank of Egypt, Mr. Morcos Mikhail, Head of Learning and Development at CIB and Ms. Elena Miteva, Senior Economist, Directorate for Financial and Enterprise A airs at OECD. The panel tackled the role of the banking sector with financial services providers and development agencies in “Driving towards achieving results for Financial Literacy”, and what support can be offered from policy makers & regulators to make it happen.