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SODIC, NUCA sign escrow account contract with Banque Misr for 500-feddan plot in New Zayed
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
Banque Misr leads a banking consortium to provide EGP 2.9bn syndicated loan for Beshay Steel
The loan will finance inventory needed to operate ESISCO production lines
BM signs a loan agreement with the EIB worth € 500m to finance SMEs
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
Banks’ SMEs funding amounts to EGP 146bn, targeting EGP 200bn by year-end: El-Etreby
The CBE has instructed banks working in the local market to allocate 20% of their loan portfolios to finance SMEs. El-Etreby pointed out that NGOs were also included within this segment.
Banque Misr Money Market Fund accounts for largest market share by 33.2%
FAB scores highest growth in assets by 258.9%
Banque Misr opens 2 BDS centres in Sadat, Damietta cities
New centres’ locations selected as per Egypt’s investment opportunities map
Banque Misr allocates EGP 13bn for MSMEs in FY 2018/19
Bank signs cooperation protocol with universities to provide workspaces for entrepreneurs
El Sewedy Electric plans to set up new company in UAE as part of its expansion plan
EGP appreciation poses itself risk, as most of revenue generated is priced in USD
Five banks start issuing prepaid cards to pay government dues electronically
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
Saudi Arabia has seven of top 30 MEA banks with assets of $513bn: S&P Research
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
Is Egypt ready for Electronic Payments Law as it comes into force?
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations
Three Egyptian banks among 500 best banking brands in world
List includes NBE, Banque Misr, CIB – Egypt
Banking alliance arranges EGP 3.1bn worth joint loan for Samcrete Egypt
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
US dollar records lowest level against Egyptian pound since March 2017
Pound value against dollar gains over 23 piasters in March, 62 piasters since January
CBE approves issuing EGP 870.3m worth ‘Aman’ certificates
NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March 2018
Banque Misr manages, arranges 38 funding deals worth EGP 60.16bn in 2018
Bank ranks first among banks working in Egypt in terms of joint loans marketing, Bloomberg says
NBE, BM issue first national payment card
Card targets over 20 million Egyptian citizens who do not deal with banking sector: NBE Chairperson
Banque Misr issued 6.32m cards by end of June 2018
Bank aims to be present in coming period in Milan, Seoul, Nairobi, more African countries
Banque Misr’s financial position reaches EGP 887.5bn end-June
Deposits increase by EGP 137.1bn, while loans portfolio record EGP 222.2bn
Banque Misr hires 3 financial market experts for Misr Financial Investments’ restructuring
El-Bawab serves as CEO, managing director of company, Radwan to work as head of executives, Askar as investment first officer
Banque Misr signs cooperation protocol with Egyptian Manufacturers Association to provide its financial, export services to its members
SMEs clients up by 32% at bank in 1 year, loans to these projects up by 131%
Banque Misr’s CSR contribution amounted to EGP 700m in last FY: Chairperson
Bank aims to double amount in coming years by focusing on education, health, youth support: El-Etreby
Banque Misr finances cotton with EGP 1.3bn for 2018/19 season
Bank arranged 17 financing operations worth EGP 113bn, planning further loans worth EGP 20.4bn
Banque Misr signs protocol with Finance Ministry to collect its EGP 2bn outstanding debt
Agreement stipulates specific implementation mechanisms to settle amount due to bank
IFC, Banque Misr sign Egypt’s first women banking agreement to support female entrepreneurs
The IFC noted that SMEs contribute 38% of total employment and 33% of Egypt’s GDP, but often struggle to access financing. Women-owned SMEs, in particular, have an estimated credit demand of $283m and $246m of potential deposits.
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh
Banque Misr seeks to arrange syndicated loans worth EGP 29.7bn for major economic sectors
Bank increases its share of KIMA 2 project funding to EGP 532.415m, $52.754m
E launches ‘Meet the Officials’ in cooperation with Banque Misr
Eitesal Association announced on Sunday its new initiative “Meet the Officials”, which is set to launch on 2 April in cooperation with Banque Misr. Through this initiative, Eitesal will host Sahar El Damaty, vice president of Banque Misr, will open a direct dialogue with Eitesal’s member companies surrounding the leading role of the information and …
Egyptian banks make EGP 59.075bn profits in 2017: CBE
Top 5 banks accounted for 47.424% of total profits, top 10 achieved EGP 37.02bn
BM achieved record profits of EGP 14.1bn at end-FY 2016/2017
ROA at 1.33%, ROE scored 16.31%