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Banque Misr signs MoU with CDB to finance Chinese projects in Egypt 

Banque Misr Vice Chairman Akef Al-Maghraby signed a memorandum of understanding (MoU) with Wang Yongsheng, vice chairman of the Chinese Development Bank (CDB) to obtain to finance Chinese projects in the Egyptian market. The agreement comes in the framework of fruitful cooperation between Egyptian and Chinese banks, particularly the CDB. It also comes as a …

Hossam Mounir

Afreximbank signs loan to Banque Misr worth $200m next week

The African Export-Import Bank’s (Afreximbank) board of directors approved granting a loan to Banque Misr worth $200m. Banque Misr is the second government bank to receive a loan from Afreximbank this year. The National Bank of Egypt (NBE) announced receiving $300m from Afreximbank in April. Akef El Maghraby, vice chairperson of Banque Misr, told Daily …

El Husseiny Hassan

Banque Misr signs protocol with IDA to finance establishment of industrial parks for MSMEs

Banque Misr and the Industrial Development Authority (IDA) signed a cooperation protocol to finance the establishment of industrial parks. Mohamed El-Etreby, chairperson of Banque Misr, and chairperson of the Industrial Development Authority (IDA) Ahmed Abdel Razek signed the protocol. The agreement includes Banque Misr offering financing for allocated projects and reviewing them within 15 days. …

Hossam Mounir