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The loan is intended to strengthen the bank’s dollar resources to support it in financing strategic projects, as well as to bolster the country’s foreign exchange reserves.
This springs from the bank’s commitment to promoting economic development and contributing to the development of society by fighting unemployment, increasing the gross domestic product (GDP), and achieving sustainable development.
Bloomberg names the bank as best in promoting syndicated loans and funding projects in Africa
The new branch adds to the bank’s network of over 500 branches
The bank recorded an EGP 56bn increase in its financials in FY 2014/2015
Bank spends more than EGP 19.24bn annually on salaries, transferred by public and private sector companies
Loans will be granted to construction, shipping, electricity, and energy sectors, among others
The list of banks participating in this loan includes ABC-Bahrain, the National Bank of Dubai (NBD), Mashreq Bank, Union National Bank Egypt, and HSBC. Banque Misr has been negotiating with these banks since last June.
Chairman Eletreby and Vice Chairman Abu El Ezz inaugurate new branch in Al-Ain, UAE
Six other banks await a judicial ruling for exemption
Deputy Head of Credit Audit at Banque Misr Tarek Amin said the department is currently considering several proposals for financial leasing.
Banque du Caire attracts EGP 3.3bn and 5 banks to raise interest rates under government protection to investment certificates
Through the fast cash service, loans are provided, with the clients’ savings as a guarantee.
The day started with an increase in the benchmark index but ended with another loss
Both banks attracted liquidity from outside banking sector, dollar selling operations to subscribe in both, says NBE Chairman
Daily News Egypt has learned that the NBE certificates succeeded in attracting about EGP 8bn on Tuesday, increasing the total amount of certificates bought to date to EGP 11.5bn.
Analysts ruled out that the owners of the Suez Canal investment certificates, in the segment of EGP 1,000 and its multiples, would refund these certificates to purchase the ‘Platinum Certificate’ and the ‘Certificate of the Top’ issued by the National Bank of Egypt (NBE) and Banque Misr, which have an interest rate of 0.5% more …
Offering saving certificate with an interest rate of 12.5% increased opportunities to offset part of the losses incurred in the capital market over the past year
The National Bank of Egypt (NBE) and Banque Misr offered, Sunday, savings certificates with an interest rate of of 12.5% per annum, paid monthly.
Intensified meetings in banks to discuss the move’s effects on customer deposits
They surprised banking market with launch of two certificates with annual returns of 12.5%
The step aims at combating dollarisation, and banks issued two similar certificates in 2004, says Analyst
The bank was also ranked the first on the list of popular official pages on Facebook, where the number of fans of the Banque Misr official page exceeded one million.
Bloomberg awards the bank for being the best in marketing joint loans and financing projects in Africa for the third consecutive quarter
Banque Misr allows companies to pay their due payments to the government from their workplaces via the internet, using the Corporate Payment Service technology.
21% increase in loans and bank deposits until end of June 2015, over 50% increase in profits, says El-Etreby
El-Etreby added that the FEB has adopted an initiative under the name of “You must have a bank”, with support from the Central Bank of Egypt (CBE)
The number of banking consumers in Egypt ranges between 10 million to 11 million persons, against about 54 million citizens who have the right to vote, said Mohamed El-Etreby, Chairman of Banque Misr and member of the Federation Of Egyptian Banks (FEB). El-Etreby added that financial inclusion is no longer optional, but rather a necessity …
The bank added that its branches in both the UAE and France also sent the files to the central banks in these countries on time.