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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.
New Suez Canal Project amazed the world by funding and implementation in record time
Donations ranged between $250,000 and $1m, the official noted
Banque Misr stresses its keenness on contributing to all projects that encourage science, support Egyptian talents and contribute to the development and renaissance of the community.
The federation also includes four representatives OF real estate companies affiliated to the banks
The project’s implementation period was from 2012 to 2015. It aimed to improve the quality of life of residents of these villages through education, health, economy and culture.
Egypt’s first bank, Banque Misr was established by Talaat Harb
The bank’s contributions in social responsibility are focused on several axes that include health, education and youth, as youth are considered leaders of the nation’s progress.
The bank supplied this branch with all modern equipment to guarantee an outstanding service level for the customer and to help them save time, especially after applying the e-linking system between all the bank’s branches.
Loan will be directed to pay part of EGPC’s dues
Bank provided loan worth $90m to EEHC for emergency plan to solve electricity crisis in summer of 2015
The loan will be used for financing a project in the North Coast and has been signed with Banque Misr and AAIB
Bank is launching lease company and 15 new branches for Islamic services, says Eletreby
The official further noted that the bank is currently studying funding a further 15 clients in the SME sector with EGP 100m.