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Banque Misr considers financing major sectors with EGP 43.5 - Daily News Egypt

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Banque Misr considers financing major sectors with EGP 43.5

Bloomberg awards the bank for being the best in marketing joint loans and financing projects in Africa for the third consecutive quarter


Banque Misr is currently seeking to complete a number of major financing operations in major sectors, including specialised constructions, marine transport, electricity and energy, with EGP 43.5bn.

A number of operations are currently being targeted by the bank, while some others are on their way to completion. The expected value of Banque Misr’s coverage guarantee in these operations is EGP 9bn.

The financial aid is part of an intensive marketing plan pursued by the bank to attract clients and perform new financial operations and  commit to strategic and developmental targets to support the economy in all fields.

During the period from 1/7/2014 to 30/6/2015, Banque Misr managed to arrange, finance and join a number of financing operations with nearly EGP 41.2bn in a number of sectors including electricity, fertilisers, real estate investment and petroleum.

The value of Banque Misr’s coverage guarantee in these operations reached EGP 9.5bn as a result of the bank’s ability to effectively arrange major financing operations in various projects in all major fields and sectors, as well as take part in a number of national projects.

Banque Misr managed to top Bloomberg’s international list for the third quarter in 2015 as the best bank in marketing joint loans and financing projects in Africa, with a major difference between it and the second best bank on the list, the Standard Chartered Bank.

Banque Misr was ranked second best in administration and arrangement of joint loans in Africa, but it is the leading Egyptian bank on the list.

The bank’s ranking on Bloomberg’s list as the best bank in marketing joint loans and financing projects in Africa is considered a first for an Egyptian bank in over three years, after European banks occupied the leading ranks on the list.

On the MENA level, Banque Misr occupied a leading rank by improving its previous one. It obtained the second position on the list of best banks marketing joint loans and financing projects in the region.

Banque Misr was able to keep its rank among the 20 best banks in marketing joint loans in the Middle East and North Africa for five consecutive years.

 

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