Latest in Tag: Banque Misr Highlight
Latest in Tag: Banque Misr
NBE, Banque Misr offer syndicated loan worth EGP 2.5bn to Palm Hills-affiliated company
A banking alliance consisting of Banque Misr and the National Bank of Egypt (NBE) signed a long-term joint financing contract for Palm Investment and Real Estate Development Company, a subsidiary of Palm Hills Developments with a value of EGP 2.5bn. Banque Misr will act as the first main arranger, finance marketer, and financing agent, while …
NBE, Banque Misr, Banque du Caire launch EGP 1bn fund to support fintech, innovation
Step comes in line with Egypt’s plan to transform into regional centre for Arab, African financial technology
National Bank of Egypt, Banque Misr offer EGP 3bn syndicated loans to civil aviation sector
Loans directed to finance developing Saint Catherine and Sphinx airports
Banks warn against fraudulent practices following Banque Misr phishing incidents
Social media reports alleged that fraudsters claiming to be Banque Misr employees called bank clients and asked them for personal information
Tanmeyah, Banque Misr partner to issue Meeza cards for microenterprises
Agreement contributes to state’s efforts to transform into cashless society
Fawry for e-payment acquires Banque Misr, CIB stakes in Fawry Plus
The last trading price for Fawry’s shares was EGP 19.350 per share, up 1.91%, and the company’s market value is currently estimated at EGP 32.8bn.
Egypt’s SMEs Development Agency, Banque Misr sign EGP 500m micro-enterprises finance
10,000 micro-loans will be provided across Egypt, with maximum of EGP 250,000 per loan
Banque Misr named fastest growing, CIB most efficient & bank of year: Business News
NBE tops technology index and top spender on social responsibility
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%.