Latest in Tag: Banque Misr Highlight
Latest in Tag: Banque Misr
National Bank of Egypt, Banque Misr lead coalition to provide EGP 10bn finance to SCZone
Funding will be directed to development of infrastructure, facilities in industrial zones, ports of SCZone
Banque Misr tender offer for CI Capital receives strong shareholder interest
The tender offer, which closed on Thursday, was 1.1x oversubscribed, with shareholders agreeing to sell some 720.8 million shares. This comes in at equivalent to 72% of CI Capital shares, and more than the 65% stake targeted by Banque Misr.
Banque Misr submits tender offer to acquire 90% stake in CI Capital
News of Banque Misr’s intention to acquire further shares in CI Capital pushed company’s stock to its highest level in 8 months
Banque Misr, NBE maintain interest on savings vessels
Proceeds of NBE’s various savings certificates increase by over EGP 230bn since mid-2020
EIB, Banque Misr sign €425m worth credit line agreement to finance SMEs
This agreement represents first tranche of €750m agreed upon earlier
National Bank of Egypt, Banque Misr launch Gardenia City with EGP 26bn investment
Al Ahly Sabbour. Hyde Park to take over sales, marketing of Gardenia City project
EIB, Banque Misr partner to speed up SMEs recovery from COVID-19 in Egypt
€425m to support Egyptian SMEs, mid-caps
Buna conducts 1st intra-Arab transaction between Mashreq Bank, Banque Misr
The Arab Monetary Fund (AMF) has announced that its Buna payment platform has conducted the first cross-border transaction in UAE Dirham (AED), between the UAE’s Mashreq Bank and Egypt’s Banque Misr.
NBE, Banque Misr cut monthly return on savings certificates by 1%
Both banks cancel savings certificates with quarterly return
Egypt’s Banque Misr, Commercial Service join forces to boost exports
Egyptian Commercial Service (ECS) and Banque Misr have signed a cooperation protocol to launch finance programmes for supporting Egyptian exports to global markets in general, and Africa in particular. Egypt’s Minister of Trade and Industry Nevine Gamea and Vice Chairperson of Banque Misr Akef Al-Maghrabi witnessed the signing ceremony of the cooperation protocol. Gamea said …
Paynas, Visa, and Banque Misr partner to launch digital platform for MSMEs, contractors
The company announced that it partnered with Visa to issue a first of its kind card enabling MSMEs to end cash wages and empower their employees with financial tools. The Visa Paynas card is issued in partnership with Banque Misr, one of the biggest banks in Africa.
Banque Misr arranges 10 financing operations worth EGP 86.3bn in 9M 2020
Banque Misr led a banking consortium to arrange and grant long-term co-financing amounting to EGP 2.54bn, for the Zed Sheikh Zayed project. The co-financing went towards part of the investment costs needed to implement the first and second phase of the 165 feddan development.
Banque Misr, Al Ahly Capital acquire 40% stake in IBAG for money transfer
Mohamed El Etreby, Chairperson of Banque Misr, said that this partnership is a step towards merging the informal transfers sector into the banking sector
MSMEDA, Banque Misr sign EGP 500m worth microfinance contract
The contract was signed by Minister of Trade and Industry and MSMEDA Executive Director Nevine Gamea and Banque Misr Chairperson Mohamed El Etreby.
NBE, Banque Misr halt 15% saving certificates after achieving EGP 383bn in sales
National Investment Bank reduces return on A, B saving certificates
Banque Misr, EGE sign export credit insurance agreement
Banque Misr puts export finance services on top of its priorities, in order to support Egyptian government’s drive to increase exports to Africa
TMG, NBE, Banque Misr sign EGP 4bn strategic partnership
TMG CEO and Managing Director for the Arab Company for Projects and Urban Development, Hisham Talaat Moustafa, praised the vital role played by Egypt’s banking sector in general, and the NBE and Banque Misr in particular, in supporting Egypt’s real estate sector.
EBRD grants $100m to Banque Misr under Trade Facilitation Program
Banque Misr got another $100m loan that will be on-lent to local SMEs, corporates
Banque Misr increases stake in CI Capital to 15.12%
Bank purchases about 14m shares worth approximately EGP 58.1m
EBRD approves $100m solidarity loan to Egypt’s Banque Misr
Proceeds of proposed loan will be on-lent to local SMEs, corporates
Banks in Egypt contribute EGP 700m to support daily labourers: El-Etreby
In exclusive statement to Daily News Egypt, El-Etreby said that the donations have been given to a fund devoted to this matter.
Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment
The average purchase price per share reached EGP 3.99, with the groups’ shareholder shares reaching 0.589%.
NBE, Banque Misr contribute EGP 60m to Health Ministry’s COVID-19 fight
NBE donates EGP 8bn in past 6 years, while Banque Misr gives away EGP 3.2bn in 5 years
Palm Hills borrows EGP 365m from AAIB, Banque Misr to finance Hacienda Bay
The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
FEI, Banque Misr cooperate to revitalise CBE mortgage finance initiative
Real Estate Development Chamber’s cooperation with Banque Misr will overcome global health crisis, says chamber chairperson
Banque Misr to expand non-banking services, buy minority stake in CI Capital
Bank to continue buying shares in CI Capital to bring its stake to 20-25%, say sources
Banque Misr, FEI sign cooperation protocol to stimulate real estate financing
Banque Misr signed the protocol as part of its vision to stimulate the real estate market and provide adequate housing for all segments of society. The protocol also comes in line with the state’s desire to provide mechanisms that contribute to the development of the real estate market.
ITIDA, Banque Misr cooperate financing ICT-focused SMEs at 5% interest
Protocol aims to provide appropriate, encouraging financing climate for SMEs working in Egypt’s ICT sector, says Amr Talaat
Banque Misr arranges EGP 1.5bn loan to finance Damietta Furniture City
Project aims to establish integrated industrial city that includes furniture manufacturers and specialists
Ora Developers, Orascom, Banque Misr partner on ZED Sheikh Zayed construction
Construction to be completed in three years, first phase units to be delivered by 2023