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Banque Misr’s CSR contribution amounted to EGP 700m in last FY: Chairperson
Bank aims to double amount in coming years by focusing on education, health, youth support: El-Etreby
Banque Misr finances cotton with EGP 1.3bn for 2018/19 season
Bank arranged 17 financing operations worth EGP 113bn, planning further loans worth EGP 20.4bn
Banque Misr signs protocol with Finance Ministry to collect its EGP 2bn outstanding debt
Agreement stipulates specific implementation mechanisms to settle amount due to bank
IFC, Banque Misr sign Egypt’s first women banking agreement to support female entrepreneurs
The IFC noted that SMEs contribute 38% of total employment and 33% of Egypt’s GDP, but often struggle to access financing. Women-owned SMEs, in particular, have an estimated credit demand of $283m and $246m of potential deposits.
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh
Banque Misr seeks to arrange syndicated loans worth EGP 29.7bn for major economic sectors
Bank increases its share of KIMA 2 project funding to EGP 532.415m, $52.754m
E launches ‘Meet the Officials’ in cooperation with Banque Misr
Eitesal Association announced on Sunday its new initiative “Meet the Officials”, which is set to launch on 2 April in cooperation with Banque Misr. Through this initiative, Eitesal will host Sahar El Damaty, vice president of Banque Misr, will open a direct dialogue with Eitesal’s member companies surrounding the leading role of the information and …
Egyptian banks make EGP 59.075bn profits in 2017: CBE
Top 5 banks accounted for 47.424% of total profits, top 10 achieved EGP 37.02bn
BM achieved record profits of EGP 14.1bn at end-FY 2016/2017
ROA at 1.33%, ROE scored 16.31%
Visa cooperates with Banque Misr, ExxonMobil to achieve financial inclusion: Visa GM for North Africa
Newly launched City of Dreams proved games can be powerful teaching tools
4 state-run banks to offer Aman insurance certificates Sunday
Certificates to cover temporary workers, other individuals without social security coverage
250m Egyptian sports fund launched by Banque Misr
The Fund will be managed by Misr Beltone
NBE, Banque Misr discontinue their 20% interest rate saving certificates
The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …
Egypt to reap economic reform fruits in 2018: El-Damaty
Banks will focus on financing renewable energy, construction, communications sectors in coming period, while continuing to support SMEs
Banque Misr pumped EGP 5bn into SMEs in 6 months
Beheira, Sharqeya, Sohag governorates receive most microfinancing; Sohag, Minya, Kafr Al-Sheikh received highest small enterprise financing
Banque Misr receives the Mohammed bin Rashid Award for Young Business Leaders
Bank injects EGP 2.2bn to fund 48,392 micro enterprises in 32 months
Banque Misr arranges funding worth EGP 81.3bn for various economic sectors
Loans up 40% in FY 2016/2017, deposits up 56%
Banque Misr finances trips to Russia to support Egyptian team at World Cup
Banque Misr has included trips to cheer for the Egyptian national team at the Russia World Cup to its programme of tourist trips, with payment periods of six years, similar to Hajj and Umrah trips. Banque Misr offers different programmes to finance trips for all employees at ministries and government agencies, as well as the …
EBRD enhances financing to Egyptian small businesses via $75m loan to Banque Misr
EBRD is providing a $75m loan to Banque Misr to support the growth and development of small and medium sized enterprises (SMEs) in Egypt. SMEs account for over 90 percent of enterprises in Egypt and contribute to the majority of total employment in the country. However, access to finance for SMEs remains limited, and improving …
How to get microfinance from Banque Misr
Banque Misr serves micro entrepreneurs through 197 branches nationwide
BM SMEs portfolio registers EGP 4.4bn at end of June
Bank launches training programme to raise entrepreneurs’ awareness in Alexandria
Banque Misr precedes Egyptians to Russia
Some of Russian banks can consider opening a small representation office to start studying the market, says Orlov
Banque Misr seeks to seal funding deals worth EGP 81.3bn in different economic sectors
The bank has arranged loans worth EGP 32.9bn in FY 2016/2017, from which several sectors benefitted, including electricity, public services, and contracting
Amer, Al-Assar, chairpersons of state-owned banks in talks about supporting Egyptian industries
Pushing local development, manufacturing top public banks’ priorities, says Amer
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 …
Banque Misr, Egypt Post, Visa sign to co-ordinate in digital financial services
The agreement includes integration of traders in financial coverage system and provision of ATM machines at the post offices
Only 3 banks provide direct loans to finance tourism trips in Egyptian market
Banque Misr, AIBK, Al Baraka launch special programmes for these loans within the retail banking products among 22 banks included in Daily News Egypt’s scan
Banque Misr and Tharwa Capital arrange the issue of securitisation bonds for Tharwa Secularisation worth EGP 174m
Bank arranged, promoted, and managed 15 offerings of bonds for companies and agencies since 2010 worth EGP 9bn
Banque Misr finances first phase of “Mowasalat Misr” project
The bank signs two cooperation protocols worth EGP 400m to support educational programmes and scientific research
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter of 2017, top 10 banks mark profits of EGP 26.234bn