Latest in Tag: Banque Misr Highlight
Latest in Tag: Banque Misr
Banque Misr offers EGP 500m long-term loan to finance Sheraton Cairo Hotel development
Loan aims to finance 60% of total investment cost of Sheraton Hotel renovation project
Banque Misr issues 3-year savings certificate with 17.25% annual return
The bank issued another certificate of deposit with 16.25% annual return, which will be disbursed quarterly.
Banque Misr to reintroduce Belady dollar-saving certificate to Egyptian expats, after raising rates: Chairperson
Bank seeks to offer incentives to motivate expats to subscribe to USD certificates
EBRD supports Egypt’s green economy with $100m loan to Banque Misr for on-lending to local SMEs
The loan follows the success of the Green Economy Financing Facility (GEFF) in Egypt and will support an expansion of green lending in the country to under-served regions for investments in climate change mitigation and adaptation technologies and services.
Banque Misr obtains license to operate in Somalia
Governor of the CBS Abdel Rahman Mohamed Abdullah said that Banque Misr will contribute significantly to strengthening the country’s financial system and economic growth in general.
Sports Ministry, Banque Misr launch Egyptian Sports Fund, to be managed by Beltone
Fund will provide appropriate care and support for Egyptian sports heroes, says Sports Minister
NBE, Banque Misr offer one-year 18% saving certificates
Yehia Abou El-Fotouh, Vice Chairperson of the NBE, said the bank’s new one-year saving certificates’ interest will be paid monthly.
Banque Misr, NBE, Banque du Caire agree to launch $85m MEA-focused ‘Nclude” fund for fintech
Participating investment entities also include e-finance, Egyptian Banks Company, and Global Ventures
Banque Misr, Egypt’s Communications Ministry sign cooperation protocol to implement integration works
The minister said that the banking sector is one of the most important sectors in the country. The importance of this protocol comes in achieving integration with this important sector to provide digital services to citizens with high efficiency to save time and effort.
Banque Misr invests $80.5m in Afreximbank’s capital increase
The investment has made Banque Misr the largest non-sovereign shareholder of Afreximbank. This equity investment is a positive and strategic response to the ongoing general capital increase by Afreximbank. Banque Misr has thereby increased its stake in Afreximbank from 3.1% to 5.8%.
Foreign Ministry, Banque Misr, e-finance partner to support digital transformation strategy
The ministry is also working with Banque Misr to establish a mechanism that would allow Egyptian citizens abroad to open personal accounts and invest their money and savings in the various investments offered by the bank.
Benya, Banque Misr sign financing contract worth EGP 481m to establish fibre-optic cable factory
Project is located in SCZone, on area of 40,000 sqm
NBE, Banque Misr offer syndicated loan worth EGP 2.5bn to Palm Hills-affiliated company
A banking alliance consisting of Banque Misr and the National Bank of Egypt (NBE) signed a long-term joint financing contract for Palm Investment and Real Estate Development Company, a subsidiary of Palm Hills Developments with a value of EGP 2.5bn. Banque Misr will act as the first main arranger, finance marketer, and financing agent, while …
NBE, Banque Misr, Banque du Caire launch EGP 1bn fund to support fintech, innovation
Step comes in line with Egypt’s plan to transform into regional centre for Arab, African financial technology
National Bank of Egypt, Banque Misr offer EGP 3bn syndicated loans to civil aviation sector
Loans directed to finance developing Saint Catherine and Sphinx airports
Banks warn against fraudulent practices following Banque Misr phishing incidents
Social media reports alleged that fraudsters claiming to be Banque Misr employees called bank clients and asked them for personal information
Tanmeyah, Banque Misr partner to issue Meeza cards for microenterprises
Agreement contributes to state’s efforts to transform into cashless society
Fawry for e-payment acquires Banque Misr, CIB stakes in Fawry Plus
The last trading price for Fawry’s shares was EGP 19.350 per share, up 1.91%, and the company’s market value is currently estimated at EGP 32.8bn.
Egypt’s SMEs Development Agency, Banque Misr sign EGP 500m micro-enterprises finance
10,000 micro-loans will be provided across Egypt, with maximum of EGP 250,000 per loan
Banque Misr named fastest growing, CIB most efficient & bank of year: Business News
NBE tops technology index and top spender on social responsibility
National Bank of Egypt, Banque Misr lead coalition to provide EGP 10bn finance to SCZone
Funding will be directed to development of infrastructure, facilities in industrial zones, ports of SCZone
Banque Misr tender offer for CI Capital receives strong shareholder interest
The tender offer, which closed on Thursday, was 1.1x oversubscribed, with shareholders agreeing to sell some 720.8 million shares. This comes in at equivalent to 72% of CI Capital shares, and more than the 65% stake targeted by Banque Misr.
Banque Misr submits tender offer to acquire 90% stake in CI Capital
News of Banque Misr’s intention to acquire further shares in CI Capital pushed company’s stock to its highest level in 8 months
Banque Misr, NBE maintain interest on savings vessels
Proceeds of NBE’s various savings certificates increase by over EGP 230bn since mid-2020
EIB, Banque Misr sign €425m worth credit line agreement to finance SMEs
This agreement represents first tranche of €750m agreed upon earlier
National Bank of Egypt, Banque Misr launch Gardenia City with EGP 26bn investment
Al Ahly Sabbour. Hyde Park to take over sales, marketing of Gardenia City project
EIB, Banque Misr partner to speed up SMEs recovery from COVID-19 in Egypt
€425m to support Egyptian SMEs, mid-caps
Buna conducts 1st intra-Arab transaction between Mashreq Bank, Banque Misr
The Arab Monetary Fund (AMF) has announced that its Buna payment platform has conducted the first cross-border transaction in UAE Dirham (AED), between the UAE’s Mashreq Bank and Egypt’s Banque Misr.
NBE, Banque Misr cut monthly return on savings certificates by 1%
Both banks cancel savings certificates with quarterly return
Egypt’s Banque Misr, Commercial Service join forces to boost exports
Egyptian Commercial Service (ECS) and Banque Misr have signed a cooperation protocol to launch finance programmes for supporting Egyptian exports to global markets in general, and Africa in particular. Egypt’s Minister of Trade and Industry Nevine Gamea and Vice Chairperson of Banque Misr Akef Al-Maghrabi witnessed the signing ceremony of the cooperation protocol. Gamea said …