Latest in Highlight
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EGP 29.4bn in sales of NBE, Banque Misr 15% saving certificates in 5 days
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
EGP 6.2bn worth of 15% certificates sold by NBE, Banque Misr on first day
80% of NBE’s certificate sales took place online
Banks implement CBE’s initiative delaying loan instalments for individuals, companies
CBE included microfinance sector in the initiative on Monday
El-Etreby tapped as FEB Chairperson for three-year term
Okasha as deputy chairperson, Abaza as treasurer
Banque Misr, NBE to offer electronically saving certificates with 15% yield
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
Will EGX rally on NBE, Banque Misr EGP 3bn package continue, or will it be short-lived?
EGX30 down 17.7% last week despite Thursday’s session 5% increase
NBE, Banque Misr invest EGP 3bn in EGX
Both banks to offer 1-year saving certificates with 15% yield on Sunday
Fawry, Banque Misr launch digital loyalty programme
Managing Director of Fawry Mohamed Okasha said the new agreement was the result of fruitful cooperation between the two sides. It would be in their mutual interest which is expanding the banking sector’s digital services.
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