By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    CBE to issue $540m worth of dollar-denominated T-bills on Monday 
    CBE to issue $540m worth of dollar-denominated T-bills on Monday 
    June 4, 2023
    HDB targets 25% growth in profits, various activities by 2023-end: CEO
    HDB targets 25% growth in profits, various activities by 2023-end: CEO
    June 4, 2023
    Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
    Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
    June 4, 2023
    146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
    146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
    June 4, 2023
    Al Ahly Pharos tops brokerage ranking in May
    Al Ahly Pharos tops brokerage ranking in May
    June 4, 2023
  • Politics
    PoliticsShow More
    GERD, Sudan, and Libya crises top Al-Sisi and Mauritanian counterpart talks 
    GERD, Sudan, and Libya crises top Al-Sisi and Mauritanian counterpart talks 
    June 4, 2023
    Iranian, Saudi FMs meet on bilateral ties
    Iranian, Saudi FMs meet on bilateral ties
    June 4, 2023
    Egypt’s PM inspects service, development projects in Alexandria
    Egypt’s PM inspects service, development projects in Alexandria
    June 4, 2023
    FM Shoukry attends inauguration ceremony of Turkish President
    FM Shoukry attends inauguration ceremony of Turkish President
    June 3, 2023
    1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting
    1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting 
    June 3, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Banque Misr precedes Egyptians to Russia
Share
Notification
Latest News
CBE to issue $540m worth of dollar-denominated T-bills on Monday 
CBE to issue $540m worth of dollar-denominated T-bills on Monday 
Business
GERD, Sudan, and Libya crises top Al-Sisi and Mauritanian counterpart talks 
GERD, Sudan, and Libya crises top Al-Sisi and Mauritanian counterpart talks 
Politics Egypt
HDB targets 25% growth in profits, various activities by 2023-end: CEO
HDB targets 25% growth in profits, various activities by 2023-end: CEO
Banking
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Banking
146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
Banking
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Banque Misr precedes Egyptians to Russia
Business

Banque Misr precedes Egyptians to Russia

Shaimaa Al-Aees
Last updated: 2017/10/16 at 6:39 PM
By Shaimaa Al-Aees 2 Min Read
Share
Akef El Maghraby Vice Chairman of Banque Misr
SHARE

Banque Misr inaugurates a representative office in Russia, according to Akef El Maghraby Vice Chairman.

El Maghraby said in press statements that next month the bank will be inaugurated after finalising all necessary measures and procedures to open the branch.

“Banque Misr, the Egypt’s second largest bank after National Bank of Egypt, is in the process of setting up representative offices in South Korea, Somalia, Kenya and Beijing”, El Maghraby noted.

However, Banque Misr is the only Egyptian bank presented in Russia, which will be the most favoured among the Egyptian banks, who can benefit from the transfer or withdraw money during the World Cup in Russia in 2018.

From his part, Chairperson of the Russian-Egyptian Business Council Mikhail Orlov told Daily News Egypt that so far there is no major Egyptian presence in Russia, adding that the only noticeable sign is the fact that Banque Misr opened a small representative office in Moscow recently.

He called other Egyptian banks to launch new branches in Russia to serve Egyptians there and also make use of the World Cup event.

Regarding launching offices for Russian banks in Egypt, Olov noted that there is no information that Russian banks are actively considering launching operations in the Egyptian market.

He forecasted that some of these Russian banks, though, can consider opening a small representation office to start studying the market.

After the absence of 28 years of participation in the World Cup, Egypt national team did it and spread joy among Egyptians to end those years of waiting.

On 8 October, Egypt defeated Congo 2-1. Accordingly, Egypt will participate in world cup in Russia in 2018, since then Egyptians have showed great interest in Russia; the words spreading on search engines include ‘hotels in Russia’, ‘tourist areas in Russia’, ‘money transfer Russia’, ‘banks in Russia’.

You Might Also Like

CBE to issue $540m worth of dollar-denominated T-bills on Monday 

HDB targets 25% growth in profits, various activities by 2023-end: CEO

Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank

146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023

Al Ahly Pharos tops brokerage ranking in May

TAGGED: Banque Misr, russia
Share this Article
Facebook Twitter Email Print
Previous Article World Bank sends $125m to CBE as part of development of Upper Egypt loan
Next Article Egypt could not leave UNESCO top post to Qatar’s candidate: Sameh Shoukry 
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

CBE to issue $540m worth of dollar-denominated T-bills on Monday 
CBE to issue $540m worth of dollar-denominated T-bills on Monday 
Business
GERD, Sudan, and Libya crises top Al-Sisi and Mauritanian counterpart talks 
GERD, Sudan, and Libya crises top Al-Sisi and Mauritanian counterpart talks 
Politics Egypt
HDB targets 25% growth in profits, various activities by 2023-end: CEO
HDB targets 25% growth in profits, various activities by 2023-end: CEO
Banking
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Banking
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?