In a pioneering move that reinforces Banque Misr’s leadership in the Egyptian
banking sector, the bank has signed a strategic cooperation protocol with Moody’s
becoming the first bank in Egypt to adopt the Moody’s TP Catalyst platform The globally
recognized solution enhances transfer pricing analysis, tax governance, and promotes
transparency and regulatory compliance The signing ceremony was attended by Mr Ahmed Issa,
Executive Vice President of Banque Misr, and Mr Brendan Gavaghan, Head of Middle East and South
Asia at Moody’s The agreement was officially signed by Mr Mohamed Sherif, Chief Financial Officer
at Banque Misr, and Mr David Tim Njoroge, Head of Transfer Pricing and Tax Solutions for the Middle
East and South Asia at Moody’s, along with a distinguished delegation from both institutions
TP Catalyst: Enhancing Transfer Pricing Risk Management and Strategic Decision-Making
With this partnership, Banque Misr will leverage Moody’s TP Catalyst, a leading
global solution that facilitates in-depth transfer pricing risk assessment The platform enables the bank to
Strengthen international tax compliance
Enhance transfer pricing risk management across its subsidiaries
Improve strategic decision-making
Build a robust, future-ready transfer pricing framework
Banque Misr Affirms Commitment to Global Standards and Sustainable Growth
Commenting on the collaboration, Mr Mohamed Sherif, CFO at Banque Misr, stated
This strategic partnership represents more than just a technological advancement
it underscores Banque Misr’s unwavering commitment to fairness, sustainable growth, and
adopting international best practices It also aligns with our vision to integrate innovative solutions
that enhance transparency, governance, and operational efficiency across our local and international activities
From Moody’s side, Mr Brendan Gavaghan added”We are proud to partner with Banque Misr on this
landmark initiative By establishing a dedicated transfer pricing and international tax management function
Banque Misr is setting a new standard for the financial sector in Egypt and beyond With TP Catalyst, the
bank is not only ensuring compliance but also unlocking strategic value that will drive sustainable growth
First-of-its-Kind Initiative in Egypt’s Banking Industry
The adoption of TP Catalyst marks a first in the Egyptian banking sector, showcasing
Banque Misr’s proactive role in embracing digital transformation, fiscal transparency
and advanced tax technologies It highlights the bank’s leadership in setting a precedent for
Tax governance innovation
Establishing a centralized transfer pricing function
Creating a replicable model for tax compliance and risk management across the region
Supporting Egypt’s Sustainable Development Vision
This initiative aligns with long-term strategy to support Egypt’s economic
development goals by embracing digital innovation, transparency, and international compliance
standards The move further consolidates the bank’s role as a key player in advancing sustainable
financial practices in Egypt and the wider MENA region
