Latest in Tag: Banque Misr Highlight
Latest in Tag: Banque Misr
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 …
Step comes in line with Egypt’s plan to transform into regional centre for Arab, African financial technology
Loans directed to finance developing Saint Catherine and Sphinx airports
Social media reports alleged that fraudsters claiming to be Banque Misr employees called bank clients and asked them for personal information
Agreement contributes to state’s efforts to transform into cashless society
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.
10,000 micro-loans will be provided across Egypt, with maximum of EGP 250,000 per loan
NBE tops technology index and top spender on social responsibility
Funding will be directed to development of infrastructure, facilities in industrial zones, ports of SCZone
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.
News of Banque Misr’s intention to acquire further shares in CI Capital pushed company’s stock to its highest level in 8 months
Proceeds of NBE’s various savings certificates increase by over EGP 230bn since mid-2020
This agreement represents first tranche of €750m agreed upon earlier
Al Ahly Sabbour. Hyde Park to take over sales, marketing of Gardenia City project
€425m to support Egyptian SMEs, mid-caps
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.
Both banks cancel savings certificates with quarterly return
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 …
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 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.
Mohamed El Etreby, Chairperson of Banque Misr, said that this partnership is a step towards merging the informal transfers sector into the banking sector
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%.