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The contract was signed by Minister of Trade and Industry and MSMEDA Executive Director Nevine Gamea and Banque Misr Chairperson Mohamed El Etreby.
National Investment Bank reduces return on A, B saving certificates
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 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.
Banque Misr got another $100m loan that will be on-lent to local SMEs, corporates
Bank purchases about 14m shares worth approximately EGP 58.1m
Proceeds of proposed loan will be on-lent to local SMEs, corporates
In exclusive statement to Daily News Egypt, El-Etreby said that the donations have been given to a fund devoted to this matter.
The average purchase price per share reached EGP 3.99, with the groups’ shareholder shares reaching 0.589%.
NBE donates EGP 8bn in past 6 years, while Banque Misr gives away EGP 3.2bn in 5 years
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.
Real Estate Development Chamber’s cooperation with Banque Misr will overcome global health crisis, says chamber chairperson
Bank to continue buying shares in CI Capital to bring its stake to 20-25%, say sources
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.
Protocol aims to provide appropriate, encouraging financing climate for SMEs working in Egypt’s ICT sector, says Amr Talaat
Project aims to establish integrated industrial city that includes furniture manufacturers and specialists
Construction to be completed in three years, first phase units to be delivered by 2023
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
80% of NBE’s certificate sales took place online
CBE included microfinance sector in the initiative on Monday
Okasha as deputy chairperson, Abaza as treasurer
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
EGX30 down 17.7% last week despite Thursday’s session 5% increase
Both banks to offer 1-year saving certificates with 15% yield on Sunday
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 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.
The loan will finance inventory needed to operate ESISCO production lines
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
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.